Quote from: Aanuoluwatofunmi on Today at 09:18:27 AM

Quote from: Do or Die on January 12, 2024, 03:49:21 PM

Salvadoran Bitcoin usage in 2023 is unusual

88% of Salvadorans did not use bitcoin in their transactions in 2023, even though it has been legal tender since 2021, a survey by the private Central American University (UCA) confirmed this.

When asked, "In 2023, have you ever used Bitcoin to buy or pay for something?", 85% said they had never used it, 3% had never used it, and 12% said they had used it.

https://ticotimes.net/2024/01/11/salvadoran-bitcoin-use-uncommon-in-2023

If this is true then where is the other subsequent results we have been hearing about El-salvador's Bitcoin progression, it uses and how it has been going from one stage of adoption to another with the people so interested in bitcoin, having many established business economy making payments in bitcoin, teaching bitcoin in schools and every other developments that bitcoin adoption has brought to El-salvador, if truly they are not using bitcoin, there wouldn't have been the insight of where bitcoin is today in El-salvador, because nobody will like investing more on what is taking less interest of the people, I've said this before, what the media are saying is far from the reality of what's happening in El-salvador.

Even if you believe the research of this UCA university, and the research there is carried out, as I understand it, with grants from American sponsors who are in advance negative towards El Salvador’s legislation on the legalization of BTC, then even then it must be stated that 12% of Bitcoin users in households payments, this is a pretty good result considering only 2.5 years of the spread of this innovative initiative by Bukele. Such studies should initially be treated critically and not particularly believe these results. I, simply based on logical experience and taking into account the youth and teenage stratum of Salvadoran society, would assume, without any abstruse research from this very UCA, that the real percentage of users is somewhere around 18-23%. In my opinion these are more realistic numbers. And not like not 12%.

And further.
Ask yourself. In the country where you live, are there so many hundreds of thousands of people or people around you who regularly pay Bitcoin in household payments?
I'm sure almost no one in your circle. And then you will clearly understand how far El Salvador has already advanced in the matter of legalizing such an excellent financial instrument as BTC.