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Survey Shows 61% of US Adults Supports Bitcoin as Legal Tender

Yougov America Inc.

September 12, 2021

Reading Time: 2 minutes

Following El Salvador’s decision to make bitcoin legal currency, a poll was undertaken to see if Americans favor or oppose a similar move in the United States. Sixty-one percent of the 4,912 people who took part in the survey did not oppose it.

On Thursday, Yougov America Inc. conducted a poll to determine if people in the United States support or oppose the use of bitcoin as legal currency. The poll included a total of 4,912 people from throughout the nation.

Yougov is a global Internet-based market research and data analytics company located in the United Kingdom, with offices in Europe, North America, the Middle East, and Asia-Pacific.

Respondents were asked if they would favor or oppose the United States making bitcoin a legal tender. Bitcoin, as legal tender, would imply that companies would accept bitcoin in addition to the US dollar as a form of payment for products and services.

Yougov’s Bitcoin survey findings

A survey of US citizens to determine whether they oppose or favor bitcoin as a legal currency in the United States

Eleven percent said they “strongly favor,” and 16 percent said they “somewhat support,” according to the findings. Meanwhile, 11% said they are “somewhat opposed,” 28% said they are “strongly opposed,” and 34% said they are “undecided.”

The percentage of male respondents who strongly support making bitcoin legal tender increases to 15%, while 17% indicated they support it somewhat. Only 7% of female respondents strongly support it, while 14% support it somewhat.

According to the poll, 29 percent of Democratic respondents support the concept, but just 26 percent of Republican respondents do.

According to the survey, younger people are more supportive of making BTC legal currency in the United States. Only 11 percent of baby boomers, aged 55 and older, support the move, compared to 44 percent of those aged 25-34 and 36 percent of people aged 18-24.

Income is also thought to have a significant influence in respondents’ decisions. Only 11% of respondents earning less than $40,000 per year support adopting Bitcoin as legal currency, compared to 22% of those earning more than $80,000 per year.

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