Bitcoin confidence among El Salvador residents

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Most of the population in El Salvador was skeptical of Bitcoin (BTC), according to a survey conducted in August 2021, one month before the currency was to become a legal tender in the country. Roughly 15 percent of respondents to the poll from a Jesuit university in El Salvador said they either had some or a lot of confidence in the cryptocurrency. This overall lack of confidence is noticeable, as El Salvador was set to become the world's first country that accepts cryptocurrency for payments in September 2021. From that month onwards, the Central American nation would see BTC join the U.S. dollar as a national currency. The United States was El Salvador's biggest trade partner in 2019.

Share of respondents in El Salvador who are confident on the use of Bitcoin as a legal tender in the country in 2021

Characteristic	Share of respondents
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Release date

September 2021

More information

Region

El Salvador

Survey time period

August 13-20, 2021

Number of respondents

1,281 respondents

Age group

18 years and older

Special properties

residents; results have been weighted to represent the entire population

Method of interview

Face-to-face interview

Supplementary notes

This question was phrased by the source as follows: "¿Cuántaconfianza tiene usted en el Bitcoin: mucha confianza, alguna, ¿pocao ninguna confianza?" (in English: How much confidence do you have in Bitcoin: a lot, some, little or no confidence?").

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