On September 7, El Salvador became the first country in the world to make Bitcoin a legal tender, granting the leading cryptocurrency legal currency status. The move made headlines across all prominent media outlets, prompting many to wonder if this would be the start of a trend.<\/p>\n
A recent poll by YouGov, a British international online research and data analytics company, reveals that 27% in the United States support the idea of adopting Bitcoin as legal tender. Of that 27%, 16% said they \u201csomewhat\u201d support the idea, while another 11% stated they strongly support it.<\/p>\n
On the opposite side, a total of 39% of the contestants said they do not agree with making Bitcoin a legal tender. Around 11% said they \u201csomewhat\u201d oppose the idea while 28% stated that they strongly oppose it. The remaining 34% of the contestants said they were not sure, choosing the \u201cdon\u2019t know\u201d option.<\/p>\n
A look at the stats reveals that the larger percentage in the US oppose the idea of making Bitcoin legal tender. However, considering that back in 2017, less than 20% of Americans said they planned to buy Bitcoin within the next five years, there has been quite an improvement.\u00a0<\/p>\n
In terms of demographics, it turns out that younger people hold a more friendly stance towards cryptocurrencies. On the other hand, those aged above 55 are generally very suspicious of digital assets.<\/p>\n
In the YouGov survey, over 75% of those who supported the idea of adopting Bitcoin as legal tender were between 18 – 40. On the contrary, 43% of those older than 55 said they strongly oppose the idea. <\/p>\n