A survey in El Salvador showed that 91.9% of respondents approved of President Nayib Bukele's performance, mainly due to improved security and a decrease in crime rates.
This result was announced amidst a backdrop where El Salvador has recognized Bitcoin as legal tender, but public acceptance remains limited, while the government continues to accumulate Bitcoin and negotiate with the International Monetary Fund (IMF).
- 91.9% of those surveyed approved of President Bukele's performance.
- Bitcoin is legal tender, but its adoption among the general public remains low.
- El Salvador continues to accumulate Bitcoin while negotiating with the IMF.
Survey: President Bukele's approval rating rises thanks to security concerns.
In a survey of 1,200 people, 91.9% approved of President Bukele's performance; 62.8% strongly supported it, and 1.8% strongly disapproved.
A survey published by local media in El Salvador cited improved security and a decrease in crime rates as the main reasons for the high level of support. The data showed a relatively small percentage of strong opposition (1.8%) compared to the group of strong supporters (62.8%).
This result reflects the public's preference for changes in the domestic social order, thereby strengthening the political foundation for the government to continue pursuing economic and financial policies, including decisions related to cryptocurrencies.
Bitcoin is legal tender, but its adoption remains limited.
Although Bitcoin has become legal tender, its adoption among the Salvadoran public remains limited.
Survey findings highlight the gap between national-level policies and the actual usage behavior of the population. This suggests that the introduction of Bitcoin into the payment system does not necessarily mean that the vast majority of people will quickly adopt cryptocurrency in their daily lives.
El Salvador is reportedly continuing to accumulate Bitcoin while simultaneously negotiating with the IMF. This context makes monitoring the next policy moves related to Bitcoin crucial, especially as it needs to maintain its cryptocurrency orientation while also securing international financial agreements.
