Lately, a lot of articles are pointing towards a rather high increase for bitcoin before end of year per se. Whatever effect, if any, El Salvador has on bitcoin price is not going to be seemingly easily attributable. From what I’ve been reading these days, their population is still much pretty lost on how to use bitcoin, and will likely take some time to assimilate and adopt.
I’d fear more a potential fiasco affecting price, than the implementation and roll-out of the Bitcoin Law having a positive turn in price in the short term. Bearing in mind that all the steps so far have had little to none effect on price that is directly attributable, a chunky roll-out shouldn’t drive the price to any noticeable peak.
According to UCA pool,
32 percent of Salvadorans are agreed to adopt Bitcoin as legal tender in El Salvador. though the majority of them have disagreed, but they were not able to show any valid reason for their disagreement. The only thing they claimed is that they are not much aware of Digital currency. I think it is very positive that they have realized that they should have to learn first. So, the government should adopt bitcoin as well as provide proper education to their people about technology.
IMO, 32% acceptance is very positive. not only El Salvador but also all other country's people are not much aware of Bitcoin, Cryptocurrency/Digital currency. If you run the same pool in Havana, Honduras, or any of the Mexican cities or any other nearest country then I'm damn sure the acceptance would be much lower than El Salvador.