The study was conducted between 13 and 20 August in the 14 departments of El Salvador
The latest poll by the Central American University, UCA, stated the Salvadorans’ rejection of the Bitcoin digital currency.
The study prepared by the University Institute of Public Opinion is entitled “The Salvadoran population has an opinion on Bitcoin and the country’s socio-economic situation” and was conducted between 13 and 20 August.
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For the study 1,281 people were surveyed (in the 14 departments), the sampling error is around 2.76, and the confidence is 95.
The data reveals that approximately 7 out of 10 Salvadorans believe that members of the Legislative Assembly should repeal the Bitcoin Act, polls reveal.
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Such is the dissatisfaction with the implementation of Bitcoin as a legal tender that citizens expect the repeal of the law that gives effect.
A group of citizens presented a proposal for MPs to repeal, that is, repeal the Bitcoin Act. Do you think MPs should repeal the Bitcoin Act? Yes, 66.7%; no, 28.6%#encuestaUCA
– UCA del Salvador (@UCA_ES) September 2, 2021
In addition, the study reveals the lack of interest of Salvadorans in downloading the Chivo portfolio.
How interested are you in downloading and using the Chivo e-wallet? Very interested, 5.5%; something interested, 13.3%; little interested, 13.1%; not at all interested, 65.2%#encuestaUCA
– UCA del Salvador (@UCA_ES) September 2, 2021
In addition, Salvadorans were asked whether the use of Bitcoin should be mandatory or voluntary for the Salvadoran population? and the response was almost unanimous as 95.9% said they should volunteer.
On the other hand 6 out of 10 Salvadorans disagree or strongly disagree with the government’s decision to spend public money to use Bitcoin in El Salvador and about 8 out of 10 Salvadorans are little or no interest in downloading and using the Chivo e-wallet.
The President said the Government would give away $ 30 in Bitcoin so that the people can use this new currency. How do you agree with the Government’s decision to spend public money to use Bitcoin in the country? #encuestaUCA pic.twitter.com/E0Uyj2RhFi
– UCA del Salvador (@UCA_ES) September 2, 2021
In relation to the impact of Bitcoin on the family economy predicted by Salvadorans, more than half of the population, ie 54.3%, maintains that the prices of products in the basic basket will increase with the approval of Bitcoin and a third of Salvadorans argue that their family economic situation will worsen with the use of Bitcoin as a legal tender.
Another relevant fact of the survey is that a few days after the entry into force of the country the Bitcoin law 9 out of 10 Salvadorans has an inaccurate notion or do not know what Bitcoin is.
How much trust do you have in Bitcoin? #encuestaUCA pic.twitter.com/anA1pBZkuh
– UCA del Salvador (@UCA_ES) September 2, 2021
Economic situation
The UCA study was also dedicated to investigating the family economic situation of Salvadoran households and how they perceive the economy in the country and in this sense 33.2% have indicated that their family economic situation is bad or very bad.
Salvadorans were asked What is the main reason why their family economic situation is bad or very bad? and 46.6% of this group responded that due to unemployment the difficulty in finding work and having lost their job.
Another important piece of data revealed by the survey is that despite the increase in the minimum wage, which came into force on August 1, seven out of 10 Salvadorans say that this increase will not represent a change in their economic situation. familiar.