Blockchain & Crypto

Here’s how many Republicans support use of Bitcoin as legal tender in US

Americans shared their opinions regarding Bitcoin as a legal tender in the country

Bitcoin US

Here’s how many Republicans support use of Bitcoin as legal tender in US. Source: shutterstock.com

According to YouGovAmerica’s survey, US residents are showing mixed reactions to the recognition of Bitcoin as a legal tender.

In fact, 27% of the residents are supporting the use of Bitcoin as a legal tender, with 11% strongly supporting it and 16% somewhat supporting it.

Among the 4,912 US residents, fewer Republicans (26%) support the use of Bitcoin as a legal tender in the country compared to Democrats (29%).

Younger generations show more support for the use of Bitcoin as a legal tender compared to older generations. 44% of residents aged 25-34 responded in favour while 43% of those aged 57-75 opposed the idea. Out of all the respondents, only 11% strongly support the idea. 16% somewhat support the idea while 11% somewhat oppose the idea. 28% strongly oppose the use of BTC as a legal tender while 34% do not know.

Income levels also have a significant effect on people’s attitudes towards digital currencies. Those who earn over $80,000 support the idea twice (21%) compared to those who earn less than $40,000 (11%, strongly oppose the idea).

These findings come as the controversial BTC making law takes effect in El Salvador. Despite the opposition from the international community, the law was passed by El Salvador’s parliament. It was proposed by the country’s president, Nayib Bukele. 70% of the country’s population oppose the idea.

We’ve reported that Singapore-based online shopping platform enters Europe.

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