Despite the media hype surrounding El Salvador’s move to adopt Bitcoin, 92% of its people do not use Bitcoin!
Despite the media hype surrounding El Salvador’s adoption of Bitcoin as an official currency, studies indicate that 92% of Salvadorans do not use Bitcoin in their daily lives. This reflects a gap between government policies and the reality of citizens.
Bitcoin is being promoted as a means to boost the national economy in El Salvador, but the limited spread of use reveals a set of challenges that may face the wider adoption of digital currencies.
In El Salvador, Very Few People Use Bitcoin
The gamble taken by El Salvador’s President Nayib Bukele has paid off for the country’s coffers, but could Bitcoin (BTC) adoption have limits among the population? Yes, according to a recent study, which indicates that very few Salvadorans currently use the cryptocurrency.
Although Nayib Bukele, the president of El Salvador, remains popular domestically, one of his initiatives does not appear to be very popular: the adoption of Bitcoin (BTC). After becoming one of the country’s official currencies in 2021, the cryptocurrency is struggling to gain public support, according to a recent poll.
