Key Takeaways
- 92% of Salvadorans do not use Bitcoin for transactions.
- Only 7.5% of the population reported making Bitcoin transactions.
- Support for President Bukele remains strong despite low Bitcoin use.
A recent survey by San Salvador’s Francisco Gavidia University found that 92% of Salvadorans do not use Bitcoin for transactions, highlighting a lack of public engagement with the cryptocurrency despite its legal tender status.
Only 7.5% of respondents said they used Bitcoin, while 0.5% declined to answer.
Previous survey
This marks a slight drop from a previous survey by the University of Central America, where 88% reported not using Bitcoin in 2023.
While Bitcoin use remains low, the survey also revealed strong public approval for President Nayib Bukele, with 60% of respondents believing the country is on the right path.
However, only 1.3% of those surveyed felt that Bitcoin should be a major focus for the country’s future, with most preferring a greater emphasis on education and industry.
Bukele’s government has faced international scrutiny for its harsh crackdown on organized crime, although the measures remain highly popular domestically.
El Salvador made headlines in 2021 as the first country to adopt Bitcoin as legal tender, but widespread adoption has yet to materialize.
