• Sat. May 11th, 2024

Many People in US Want Bitcoin as a Legal Tender, Survey Reveals

Sep 10, 2021

Now that El Salvador (ES) has finally adopted Bitcoin (BTC) as a legal tender, things have taken a different turn around the world involving crypto-adoption. Despite the constant opposition from global regulators and governments about Bitcoin’s legal tender in ES, the public in these countries have a different opinion.

As the crypto-market analysts and observers are already aware of the government-level view of ES’s newly implemented law, it was necessary to get the opinion of the public from different countries.

This is where YouGov has made its entry providing a clear picture of how the public perceives cryptocurrencies and Bitcoin.

Just recently, a poll was carried out that shows that quite a handsome percentage of people in the United States want Bitcoin as a legal tender. In terms of exact figures, 27% of the citizens in the United States would support their government if it adopts Bitcoin as a legal tender.

This information has been gathered by YouGov, a data analytics and research firm. The firm carried out a poll in order to gather exact and straightforward views of the American citizens.

The poll reveals that 11% of the respondents strongly support Bitcoin being a legal tender in the USA. Then there are 16% more respondents who would also back the idea if the government moves towards accepting Bitcoin as a legal tender.

YouGov has revealed that in the particular poll, it collected views and responses of a total of 4,912 residents from the United States. The firm has also revealed the vast majority of Democrat respondents are supporting the idea of Bitcoin being a legal tender. Whereas, the Republican respondents were not so much supportive of the proposition.

YouGov has revealed that out of the total Democrats, 29% have responded that they would support the government adopting Bitcoin as a legal tender. On the other hand, 26% out of the total Republicans revealed that they would support the government if it plans to do the same.

YouGov has revealed that these are high and strong sentiments from the locals’ end in support of Bitcoin being a legal tender.

When it comes to age group support, the people in their young age are more supportive towards the adoption of Bitcoin as a legal tender than elders. YouGov has revealed that a large percentage of participants between the age group 25-34 support Bitcoin being a legal tender. In terms of figures, 44% of the total respondents between the age group were supportive of Bitcoin being a legal tender.

On the other hand, the age groups higher than the 25-34 groups were against the idea of adopting Bitcoin as a legal tender. The poll revealed that 43% of the people in the age groups were against Bitcoin being a legal tender, with only 11% supporting the idea.

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