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

A new poll found that 27% of Americans support Bitcoin legalization by the government.

A poll by research and data analytics company YouGov found that 11% of respondents support the idea of Bitcoin being used in the United States as legal tender. Another 16% would support it.

A poll of 4,912 U.S. citizens was conducted. It showed that a greater number of Democrat respondents supported the proposition than Republicans. 29% of Democrats said they support BTC being legal tender, compared with 26% of Republicans.

It is clear that younger generations are more supportive of BTC. Respondents between 25 and 34 are strongly supportive of Bitcoin as legal tender with 44% of them expressing their support. However, almost as many Baby Boomers (aged between 55 and 75) strongly oppose the idea (43%), with only 11% supporting it.

These findings reveal that income plays a significant role in an individual’s opinions about crypto. Respondents who earn more than $80,000 per year are twice as likely (21%) to support Bitcoin legal tender than those who earn less ($11%).

Participants with a net income of less than $40,000 oppose the idea.

Related: September 7th is “Bitcoin Day” in El Salvador, as BTC becomes legal tender

This poll is taking place amid El Salvador’s controversial Bitcoin Law, which took effect Sept. 7.

The law, which President Nayib Bukele proposed, was approved by El Salvdor’s parliament in June. This was despite opposition from the international community. In a September poll, 70% of Salvadorans expressed their opposition to the legislation.

https://cointelegraph.com/news/yougov-poll-finds-27-support-for-making-bitcoin-legal-tender-in-us