The survey shows that 54% of Salvadorans are not familiar with Bitcoin

El Salvador made global headlines for its president’s controversial introduction of Bitcoin (Bitcoin) As legal tender-this move has Aroused opposition from many local citizens And is Suspected Organized by the International Monetary Fund. A new survey shows that despite these advances, most Salvadorans still know little about this old cryptocurrency, and even less about similar cryptocurrencies with smaller market capitalizations.

Research conducted by São Paulo agency Sherlock Communications showed that 54% of Salvadoran respondents chose “none” when asked which of the five major tokens they know best.

Although 40% of people chose Bitcoin instead of the other listed cryptocurrencies-Ether (Ethereum), Bitcoin, Dogecoin (dog)with EOS – The survey did not attempt to explore the degree or depth of these respondents’ knowledge of the coin. In a correspondence with Cointelegraph, Patrick O’Neill, Director of Sherlock Communications, commented:

“The data we collected from El Salvador makes it very clear to us that in this case, the level of confusion about cryptocurrencies is very high, which seems surprising.”

The answers to other questions in the survey support this view. When asked “What makes you confident to invest in cryptocurrency?”, 46% of respondents chose “None”. 18% of people replied that proper regulation would help them to make the leap, and a similar number (16%) replied that accessing more reliable and user-friendly platforms would make a difference.

When asked whether the local economic crisis would make them more or less trust in cryptocurrencies, 35% answered “unlikely” and 28% answered that the financial downturn would make them “unlikely” to invest in The asset class. 24% of people hold the opposite view, saying that the economic downturn will make them more interested in encryption. However, more respondents (41%) said that the poor economic environment will not affect their relationship with cryptocurrencies.

The majority of the survey respondents (42%) stated that treating Bitcoin as legal tender is neither a good idea nor a bad idea, rather than complete hostility or enthusiasm, rather than complete hostility or enthusiasm. Among the remaining respondents, a total of 31% have a more or less negative view of the move, and 29% have a more or less positive view.

related: El Salvador took action on Bitcoin price drop and bought 150 BTC

When answering questions about the country’s current and future cryptocurrency status, again indicate neutrality or indifference. Thirty-two percent of people have no opinion on this matter, and the second-largest proportion replied: “This is a topic with no future.”

In recent citizen reports New Bitcoin law to boycott the government, A resident told reporters: “We don’t know the currency. We don’t know where it comes from. We don’t know whether this will bring us profit or loss. We don’t know anything.”