HomeCryptoYouGov poll finds 27% support for making Bitcoin legal tender in US

YouGov poll finds 27% support for making Bitcoin legal tender in US

A brand new poll has discovered that 27% U.S. residents support the federal government recognizing Bitcoin as legal tender.

According to a poll from analysis and information analytics agency YouGov, 11% of respondents “strongly support” the concept Bitcoin ought to be used as legal tender in the United States and an additional 16% of respondents would “somewhat support” it.

The poll, which queried 4,912 U.S. residents, indicated {that a} bigger variety of Democrat respondents support the proposition than Republicans. Around 29% of Democrats acknowledged they both strongly or considerably support recognizing BTC as legal tender in comparison with 26% of Republicans.

As you may count on, there may be extra support amongst youthful generations. Respondents aged 25-34 are extremely supportive of BTC as legal tender, with 44% responding in favor. But nearly as many child boomers (aged between 57-75) strongly opposed the concept (43%) with simply 11% in complete supporting the  proposition.

The findings present that revenue has a big impact on an people’ attitudes relating to crypto, with respondents who earn greater than $80,000 yearly showing twice as more likely to support Bitcoin as legal tender (21%) than those that earn lower than $40,000 (11%).

Participants who earn lower than $40,000 are additionally the group most strongly against the concept.

Related: Sept. 7 is ‘Bitcoin Day’ in El Salvador as BTC turns into legal tender

The poll comes amid the backdrop of El Salvador’s controversial Bitcoin Law taking impact on Sept. 7.

Proposed by President Nayib Bukele, the legislation was handed by El Salvdor’s parliament in June regardless of pushback from the worldwide group and 70% of Salvadorans expressing opposition to the laws in an early September poll.