Bitcoin in El Salvador: President Bukele firmly believes in it, the population a little less
Good and bad in El Salvador – The president’s action over the past three years has been hailed by the population, with no less than 91% positive opinions. In power since June 2019, the anti-system candidate elected in the first round succeeded in talk about El Salvador around the worldwith the adoption of Bitcoin as legal tender in the country. But the economic repercussions of this policy are expected in the general population, which still doubts the benefits of this decision. Nayib Bukele will seek a second term next year and hopes to make Bitcoin one of his main arguments, but there is work to do? We focus on the last poll appeared last week in the country.
Nayib Bukele: 91% positive opinions after 3 years in office
The opinion poll was carried out by one of the largest daily newspapers in the country, La Prensa Gráfica, which has not hesitated to openly criticize the action of the government in recent months. The main question posed to respondents was: “Do you approve or disapprove of the work Nayib Bukele has done as president so far? ». And the results are excellent for the presidency, since 91% of those questioned answered that they approved of the action of the president. 7% are not disagreewhile the 2% remaining have no opinion on the subject.
Among the main satisfactionthe first is the improvement of the security in the country with, in particular, a welcome action against the armed gangs which plague El Salvador. The sector of healthin particular the management of the crisis of the Covid-19is also part of the actions appreciated by the population, just like theeducation and the development of road infrastructure. Finally, 66.7% of respondents believe that the president has kept his campaign promises.
In detail, it is especially the young people and the middle class who welcome the action of the president, while the most popular layers feel less concerned by the improvements. Because yes, all is not so rosy in the capital San Salvador.
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Bitcoin not very popular in El Salvador, despite some encouraging results
Among the main disappointments underlined by the population, the first therefore concerns the economic situation always complicated in the country, mainly for the most disadvantaged. In second place is the adoption of the Bitcoin which obviously did not convince the Salvadorans. Then come theprice increase basic products and unemployment. Despite the obvious disappointment of part of the population with crypto, the government is still trying to show what advantages bitcoin has already brought in the country.
The minister in charge of Tourism cites its sector and gives the figure of 95% increase in traffic since the adoption of Bitcoin. It would be mainly Americans attracted by the possibility of paying for services in BTC, according to the Salvadoran authorities. The government of Nayib Bukele takes note of the doubts of the population, but always seems to hope for the best in the months and years to come. He has also just validated a new project around the Lightning Network which intends to encourage developers to come and work in the country.
THE elections next year will be a life-size test for the current president, who remains divisive in his country and internationally. Questionable societal positions, arrangements with the country’s constitution: Nayib Bukele leaves no one indifferent, but he stays straight in his boots and always believes that the Bitcoin can lead his country on the path of social progress. Let the Salvadorans the task of judging presidential action. But no doubt that with a rising BTC, it is always easier to support this policy.
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