A recent survey by José Simeón Cañas Central American University in El Salvador has revealed notable trends and public sentiment regarding Bitcoin usage in the country.
As per the “Nayib Bukele Portfolio Tracker,” the Salvadoran government’s Bitcoin portfolio showed an overall profit of around 0.57% at the time of the survey.
The survey results indicate a mixed reaction from the Salvadoran population towards Bitcoin. While there is a noticeable decline in the use of Bitcoin for everyday transactions compared to the previous year, a small but growing number of people perceive some personal benefit from its legal tender status. However, the general sentiment seems to be cautious, with a significant portion of the population skeptical about the government’s investment in Bitcoin and its impact on the country’s economic situation. This cautious stance is reflected in the low percentage of people attributing economic improvements to Bitcoin and the majority opinion against government expenditure on Bitcoin.
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