According to a recent annual study conducted by José Simeón Cañas Central American University in El Salvador, it was discovered that merely 12% of Salvadorans had utilized Bitcoin (BTC) for purchasing goods and services at least once in 2023.
The survey, conducted in December of that year, involved interviews with 1,280 participants in the comfort of their homes.
The survey, spanning 45 pages, lacks inquiries concerning the investments made by the Salvadoran government in Bitcoin.
Approximately half of the survey participants reported engaging in Bitcoin transactions between one to three times (49.7%), and a notable 20% utilized the cryptocurrency for transactions 10 times or more.
The primary sectors where individuals allocated their Bitcoin funds included grocery shopping (22.9%) and supermarkets (20.9%), with veterinary clinics accounting for 15% of the overall expenditures. At the time of writing, Bitcoin is trading at around $42,658.
The survey shows that the number of Salvadorans using Bitcoin has fallen. In 2022, research from the same university claimed that 24.4% of the population had bought something with BTC.
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