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A new poll found that 27% of U.S. residents support the government recognizing Bitcoin as legal tender.
According to a poll by research and data analytics firm YouGov, 11% of respondents “strongly support” the idea that Bitcoin should be used as legal tender in the United States, and an additional 16% of those polled the ” would support somewhat ”.
The poll, which surveyed 4,912 U.S. residents, indicated that more Democratic respondents support the proposal than Republicans. About 29% of Democrats said they strongly or somewhat supported recognizing BTC as legal tender, compared to 26% of Republicans.
As you might expect, there is more support among the younger generations. Respondents aged 25 to 34 are very supportive of BTC as legal tender, with 44% of favorable responses. But almost as many baby boomers (aged 57 to 75) strongly opposed the idea (43%) with just 11% in total supporting the proposal.
Results show that income has a significant effect on people’s attitudes towards crypto, with respondents who earn more than $ 80,000 per year appearing to be twice as likely to support Bitcoin as legal tender (21%) than those earning less than $ 40,000 (11%). .
Participants who earn less than $ 40,000 are also the group most strongly opposed to the idea.
Related: September 7th is “Bitcoin Day” in El Salvador as BTC becomes legal
The poll comes amid the entry into force of El Salvador’s controversial Bitcoin law on September 7.
Proposed by President Nayib Bukele, the law was adopted by the parliament of El Salvdor in June despite the retreat of the international community and 70% of Salvadorans expressing their opposition to the legislation in a poll in early September.
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