El Salvador: 70.2% Have Little to No Confidence in BTC | CoinMarketCap

📆 1/18/2022 7:07 AM
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70.2% of Salvadoran consumers have 'little to no confidence' in Bitcoin 😬 And just 9% say their economic situation has improved since BTC became legal tender 👇

Much of the negative sentiment toward BTC may be linked to how suddenly the cryptocurrency became legal tender, with the entire process completed in just three months. SomeBut perhaps the real litmus test ought to be this: do Salvadorans believe that the country's economy has improved since Bitcoin was given the same status as the U.S. dollar? Justsay the current climate has worsened, while the remainingsaid their family's economic situation has improved now BTC is legal tender.

Although some Salvadorans found day trading lucrative as the digital asset surged to an all-time high ofConsumers who downloaded the Chivo wallet were givenworth of Bitcoin for free — and those who held onto this crypto from the very beginning would have seen this dwindle toThe poll also gave us an insight into how BTC is being used among the population.

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from the article: A total of 1,298 Salvadorans were polled for the research between Dec. 7 and 17 — before the substantial falls seen in Bitcoin's price over the past few weeks..... :P total pop of Salvador is 6.5M so that 1.3k people study means nothing not even 1% of total pop

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