El Salvador's Bitcoin Gamble: Not Quite Paying Off? šŖ
Itās been over two years since El Salvador went all-in on Bitcoin, making it legal tender. But according to a new survey by Francisco Gavidia University, things arenāt looking so bright for BTC adoption.
Here are the key takeaways:
1ļøā£ Only 7.5% of people use Bitcoin for transactions.
2ļøā£ A whopping 92% admit they donāt use it at all.
3ļøā£ Just 1.3% see Bitcoin as a key part of El Salvadorās future.
Despite this, 58% still feel confident in the countryās direction under President Nayib Bukele. š
Back in 2023, a similar survey revealed that 88% of people werenāt using Bitcoināand the numbers seem to be sliding further.
Is Bitcoin in El Salvador on shaky ground? š¤