More than 70% of El Salvadorans believe that the El Salvadoran government's listing of Bitcoin as legal tender is a "failure".

The picture shows El Salvador's President Buglei.

(Reuters)

[Financial Channel/Comprehensive Report] It has been more than a year since El Salvador listed Bitcoin as legal tender in September last year, but a latest poll shows that more than 70% of El Salvadorans believe that the El Salvador government has listed Bitcoin as a legal tender. Fiat currency is a "failure".

According to comprehensive media reports, according to the poll data released by the "University of Central America (UCA)" on Tuesday (19th), as high as 75.6% of the respondents said that they have never used cryptocurrencies in 2022; 77% of respondents believe that the El Salvador government’s adoption of bitcoin as the country’s legal tender alongside the US dollar is a “failure.”

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Commenting on the findings of the above research, UCA President Andreu Oliva pointed out that due to the collapse of the value of Bitcoin in the past year, the listing of Bitcoin as legal tender has become the least popular, the most criticized and the most dissatisfied by the Salva government. measures.

According to data, the price of Bitcoin has fallen by more than 60% in the past year.

The report pointed out that El Salvador’s President Nayib Bukele has entered the market to buy bitcoins for many crises since he listed bitcoin as legal tender in September last year. At present, El Salvador’s bitcoin reserves have reached 2,381.

But according to UCA polling data, 77% of El Salvadorans believe that Bugle should not continue to spend public funds to buy bitcoin.

According to Coindesk data, as of around 12:45 on the 19th, Taiwan time, Bitcoin was temporarily quoted at $19,272.82, down 1.6% within 24 hours.

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