El Salvador's Bitcoin Gamble: Not Quite Paying Off? 🪙
It’s 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 aren’t looking so bright for BTC adoption.
Here are the key takeaways:
1️⃣ Only 7.5% of people use Bitcoin for transactions.
2️⃣ A whopping 92% admit they don’t use it at all.
3️⃣ Just 1.3% see Bitcoin as a key part of El Salvador’s future.
Despite this, 58% still feel confident in the country’s direction under President Nayib Bukele. 📊
Back in 2023, a similar survey revealed that 88% of people weren’t using Bitcoin—and the numbers seem to be sliding further.
Is Bitcoin in El Salvador on shaky ground? 🤔
