El Salvador Continues to Show Heavy Interest in Bitcoin: Study Finds

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A recent study showed that El Salvador has the second most interest in Bitcoin and crypto-related topics, behind only the US. While President Nayib Bukele is being criticized for pushing for Bitcoin adoption, he’s still getting a lot of attention from his countrymen.

El Salvador Close to the Top of Bitcoin Interest Ranking!

A company called Crypto Betting recently looked into which countries are most interested in learning about bitcoins and its uses. They used Google Analytics to look at queries, and counted the number of bitcoin ATMs in each country. El Salvador was found to be the second most curious about the topic!

El Salvador got a score of 46.19 out of 100 on a survey regarding countries’ interest in bitcoin. This puts them close to the top of the list! The report said El Salvador is an unusual and important country when it comes to bitcoin.

The United States scored the highest when it comes to how much people care about bitcoin, getting a score of 54.95 out of 100. Other countries that ranked well were Vietnam, Canada, Nigeria, Switzerland, Philippines, India, Venezuela and Austria.

Controversy in El Salvador

In June 2021, a law was passed in the country which allows people to use bitcoin as money. However, some people don’t agree with President Nayib Bukele’s decision to support and encourage the use of bitcoin.

Last year, some surveys done by Simeon Canas University showed that most people from El Salvador didn’t think that having bitcoin improved their money situation. Also, an investigation in May 2022 revealed that more than 60% of citizens did not want bitcoin to be a currency, preferring the US dollar.

Bukele has started planning for something called Bitcoin City, which is a city that works using geothermal energy and can be funded with what’s called Volcano Bonds. Even though some people are not so sure about this idea, it looks like El Salvador still has an interest in Bitcoin. What do you think? Leave us your thoughts in the comments section!

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