According to the latest poll by the University Institute for Public Opinion, 7 in 10 Salvadorans want their political representatives to repeal the newly introduced Bitcoin law.
The institute presented the results of its massive, nationwide survey on September 2, which shows that the law promised by the global crypto community is not supported by the people to whom it actually applies.
Citizens of El Salvador do not believe that Bitcoin will solve the country’s financial problems
The global crypto community has widely celebrated the payment of the newly introduced El Salvador law, which declares Bitcoin to be legal tender in the country and equates it with the United States.
However, it seems that the people to whom the new Law of Bukele applies are not too happy with the changes that lie ahead.
The Institute of Public Opinion, a non-profit organization of the José Simeón Cañas Central American University, released the results of a nationwide survey yesterday morning that analyzed some of Salvadorans’ weaknesses.
The survey found that 45% of the population see poverty and unemployment as the main problems in El Salvador. 67.7% of respondents said that they did not believe that raising the minimum wage would improve their situation.
In addition, Salvadoran President Nayib Bukele gave a rating of 7.64, the lowest rating ever recorded for the 40-year-old since he was elected in 2019.
The lack of support for Bukele has also resulted in a lack of support for the upcoming Bitcoin law. According to the survey, 7 in 10 Salvadorans believe the Bitcoin law should be repelled. In addition, 20% of people said they didn’t trust Bitcoin.
#ElSalvador | According to a survey by @IudopUCA, 2 out of 10 Salvadorans do not trust #Bitcoin. Photo EDH / J. Guzmán. pic.twitter.com/Qu91n9ozmD
– elsalvador.com (@elsalvadorcom) September 2, 2021
Andreu Oliva, rector of the university, said the survey showed that the population was misinformed about Bitcoin and the upcoming law. The misinformation could be the reason for the recent protests in the capital of the country.
However, the country’s massive efforts to bring Bitcoin closer to the masses have the potential to counter the rising anti-crypto sentiment.
Get one Edge in the crypto asset market
Access as a paid member of. for more crypto insights and context in each article CryptoSlate Edge.
Sign up now for $ 19 / month. Discover all the advantages