El Salvador's Bitcoin Gamble: Not Quite Paying Off? đȘ
Itâs 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 arenât looking so bright for BTC adoption.
Here are the key takeaways:
1ïžâŁ Only 7.5% of people use Bitcoin for transactions.
2ïžâŁ A whopping 92% admit they donât use it at all.
3ïžâŁ Just 1.3% see Bitcoin as a key part of El Salvadorâs future.
Despite this, 58% still feel confident in the countryâs direction under President Nayib Bukele. đ
Back in 2023, a similar survey revealed that 88% of people werenât using Bitcoinâand the numbers seem to be sliding further.
Is Bitcoin in El Salvador on shaky ground? đ€