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54% of Salvadorans are not familiar with Bitcoin, survey suggests

Published 09/22/2021, 07:20 AM
Updated 09/22/2021, 09:00 AM
54% of Salvadorans are not familiar with Bitcoin, survey suggests
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El Salvador has made global headlines with its president's controversial introduction of Bitcoin (BTC) as legal tender – a move that has sparked dissent from many local citizens and was met with skepticism by the International Monetary Fund. A new survey suggests that despite these developments, most El Salvadoreans still know little about the veteran cryptocurrency and even less about its smaller-market cap counterparts.

Research conducted by the São Paulo-based agency Sherlock Communications suggests that 54% of Salvadoran respondents chose ‘none’ when asked which cryptocurrency they knew best out of a list of five leading coins.

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