Study Finds El Salvador Remains One of the Countries Most Interested in Bitcoin

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A recent study that examined several countries’ interest in bitcoin and crypto ranked El Salvador second for being most interested in the issue. While the US was still ranked first, El Salvador’s high rank comes amid criticism President Nayib Bukele has drawn from Salvadorans for his push to adopt bitcoin.

El Salvador Retains Interest in Bitcoin

El Salvador has recently been among the countries most interested in learning about bitcoin and its uses. Study A decentralized gaming portal, created by Crypto Betting. The study, which examined query behavior and the number of bitcoin ATMs in each country using Google Analytics, found that El Salvador was the country with the second highest interest in the topic.

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The study gave the country a grade of 46.19 on a scale of 0 to 100, with countries most interested in bitcoin being ranked closer to 100. Regarding the situation in El Salvador, the report stated:

El Salvador is a unique and prominent player in the world of bitcoin.

The US was ranked as the country most interested in bitcoin worldwide, receiving a grade of 54.95 out of 100. Other countries that ranked highly in the report were Vietnam, Canada, Nigeria, Switzerland, Philippines, India, Venezuela and Austria.

crypto in the country

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While the country sees the approval of the bitcoin law in June 2021, which will make bitcoin legal tender in the country, analysts and studies have criticized the push that President Nayib Bukele is making for bitcoin adoption.

For example, several polls conducted by Simeon Cañas University last year found that a majority of Salvadorans believe bitcoin has not improved their personal finances, holding a negative opinion about bitcoin. Furthermore, another study conducted in May 2022 by the Center for Citizen Studies of the Francisco Gavidia University found that more than 60% of Salvadorans disagree with the adoption of bitcoin as legal tender, instead embracing the use of the US dollar. Are.

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Even with this criticism, Bukele has pushed for the construction of Bitcoin City, a city powered by geothermal energy that will be built with money coming from so-called volcano bonds, which have yet to be issued by the government. Has gone. The study shows that there is still interest in the crypto issue in El Salvador, even if the population is not fully convinced of it.

What do you think about El Salvador’s interest in bitcoin? Tell us in the comments section below.

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