Salvadorans may like President Nayib Bukele for cleaning up the country’s once disastrous security situation. But at least one policy isn’t sticking: Bitcoin. 

That’s according to a new survey from the San Salvador University Francisco Gavidia, which found only 7.5% of people interviewed said they use cryptocurrency to make transactions, while 92% admitted they didn’t. 

El Salvador made Bitcoin legal tender in the country in 2021, the idea of its millennial leader—and prolific tweeter—Bukele. Businesses are legally obligated to accept the cryptocurrency if they have the technological means to do so.

President Bukele has also gone on Bitcoin-buying sprees but has been criticized by U.S. politicians and the likes of the International Monetary Fund for doing so. 

The survey from Francisco Gavidia University added that only 1.3% of people said they thought Bitcoin should be the country’s main bet in the future. 

President Bukele has Go to Source to See Full Article
Author: Mathew Di Salvo