54% citizens of El Salvador don’t know clearly about Bitcoin
A latest survey shows that the majority of the population of El Salvador is still unclear about Bitcoin.
Before the official introduction of Bitcoin law by El Salvador, many surveys conducted across the country showed that people were not supporting Bitcoin law because they don’t know about Bitcoin and crypto assets, so that is why they didn’t respond in favour of the Bitcoin law. But the latest survey shows different results.
Read also: El Salvador added 150 more Bitcoin In Dip
The latest survey on Bitcoin law of El Salvador is conducted by the São Paulo-based agency Sherlock Communications. This survey clearly said that 54% of the population in El Salvador don’t know about Bitcoin exactly.
Survey reported that when they asked about the top five crypto assets ( Bitcoin , Ethereum, EOS and DogeCoin) they knew, then respondents selected none.
But around 40% of the population claimed that they know about Bitcoin over Ethereum, EOS & DogeCoin.
Survey wasn’t conducted to know the level of people with deep knowledge of crypto and based on technical understanding.
The director of Sherlock Communications, Patrick O’Neill, told to the Cointelegraph
“The data we collected from El Salvador made it very clear to us that there are very high levels of confusion regarding cryptocurrency, surprisingly as this may seem, given the circumstance.”
On a question, as part of survey asked to the people, “What would make you confident to invest in cryptocurrencies?”. Then 18% respondents said that proper regulation over crypto can give a better dare.
While 17% of respondents said that they would like to have a better and trusted platform to invest in.
So people, who know about crypto, want to go with crypto Investment in that situation when they will have a safer platform and better regulation.
Read also: Maxim Magazine to launch NFTs marketplace in partnership with xSigma
