El Salvador’s Bitcoin Adoption Drops Significantly: Survey Reveals a 12% Usage Rate in 2023
Among those surveyed, 6.8% see life improvement with Bitcoin adoption in El Salvador, but the majority, 93.2%, remain unconvinced of any positive impact. El Salvador made history by becoming the first nation to embrace Bitcoin as a legal tender more than two years ago. Although the country’s financial outlook has seen positive developments, a recent study carried out by José Simeón Cañas Central American University unveiled a mixed sentiment regarding the correlation between the adoption of Bitcoin and perceived improvements in personal well-being.
