CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$23,666.00
  • ethereum
    ETH$1,624.57
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » One in Every Four Americans in Favor of Legalizing Bitcoin in the US: Survey

    One in Every Four Americans in Favor of Legalizing Bitcoin in the US: Survey

    Author: Jordan Lyanchev

    Last Updated Sep 11, 2021 @ 07:41

    America’s younger generations would like to see the country following El Salvador’s path and legalizing bitcoin.

    El Salvador’s decision to accept bitcoin as a legal tender is already rattling some cages. Other small nations in the region dabble with the same idea. A recent survey from the North – specifically in the United States – showed that nearly 30% would agree to have BTC as a legal currency as well.

    Americans on Legalizing Bitcoin

    El Salvador – a small Central American nation – shocked the world in June this year when it announced it will vote to make bitcoin a legal tender within its borders. It sounded like a dream come true for BTC maximalists, but that dream became a reality three months later.

    Thus, as of September 7th, the cryptocurrency is indeed a legal means of transaction in the country, and El Salvador already purchased portions of the asset. Somewhat surprisingly to some, other nations – such as Paraguay, Panama, and Colombia – dabbled whether or not to follow El Salvador’s example – so far, though, to no avail.

    While it could be more expected for smaller countries with significant financial issues to turn to an alternative option like bitcoin, it sounds near impossible for the world’s largest economy – the US – to do the same (at least for now).

    A recent survey conducted by YouGov – a data analytics company – showed that actually, most Americans would rather keep it this way. On the question “would you support or oppose the US making Bitcoin a legal form of currency,” 11% said “somewhat oppose,” and 28% answered “strongly opposed.”

    ADVERTISEMENT

    In contrast, the percentage of people who “strongly” supported the idea was 11%, and those who were “somewhat” in favor were 16%. 34% responded that they are not certain.

    Survey on BTC Adoption. Source: YouGov
    Survey on BTC Adoption. Source: YouGov

    Region, Gender, and Age

    The study also broke down the answers in different categories ranging from the participants’ location to gender and age. For instance, those from the West were more in favor of such a potential law, while people from the Midwest opposed it the most.

    Males were also slightly more optimistic than females, most of which said they weren’t sure whether adopting bitcoin legally was a good idea.

    When it came down to age, the results were expected to a large extent. Participants aged between 25 and 34 were mainly inclined to have BTC legalized, while 55 and over were firmly against it.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • ParaguayBitcoin
      Paraguayan Official Confirms: In July We Legislate Bitcoin
    • BitcoinElSalvador
      Ahead of the Bitcoin Law: El Salvador Votes in Favor of $150M BTC Trust
    • BitcoinPayments
      El Salvador's Largest Bank Will Support Bitcoin for Loans, Credit Cards and Other Services
    Tags: Bitcoin El Salvador United States
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Jordan Lyanchev
    More posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

  • bitcoin
    BTC$23,666.00
  • ethereum
    ETH$1,624.57
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!