New Study Shows 37% Of People Want Governments To Legalize Bitcoin

Given the growing interest in crypto adoption as a legal tender, it’s not shocking that many participants will wish to legalize bitcoin. The level of support for crypto was evident in a new survey conducted by The Economist. This survey aimed to know the number of people who want their governments to legalize crypto. The number of respondents was 3,000, and the result showed that 37% want a legalized bitcoin and other cryptos for transactions. Another aspect of the survey looked at the support for CBDC. The result also showed 37% support for governments to issue the financial product. One of the things that the researchers aimed to discover was whether other countries might follow El Salvador’s footsteps in legalizing crypto. Survey Results In Detail Many of the participants came from developed and developing economies. The developed countries in the survey were Singapore, the USA, South Korea, the UK, and Australia. The developing economies were the Philippines, Brazil, South Africa, Turkey, and Vietnam. The idea was to determine how the people from these countries view the crypto industry. Related Reading | Bitcoin NUL Suggests More Downside To Come Before The Bottom After the survey, The Economist discovered that 37% of the respondents wanted their government to declare crypto as a legal tender. Furthermore, these groups expressed their support if such a move became a reality. However, 43% of the respondent...