Key Takeaways
- Many Americans want to legalize Bitcoin.
- Women were more hesitant to embrace bitcoin legally.
- The IRS provides rules for US taxpayers.
Some cages are already rumbling at El Salvador's plan to adopt Bitcoin. Several small nations in the region experimented with the idea.
A recent North survey showed that over 30% agreed that BTC will be a legitimate currency.
El Salvador, a small Central American nation, shocked the globe in June by declaring Bitcoin a legal currency inside its borders.
Three months later, the BTC maximalists' wish came true.
El Salvador has already purchased some bitcoin as of September 7th.
Paraguay, Panama, and Colombia, for example, were all taken aback by El Salvador's recent actions.
While small countries with significant financial issues may be more inclined to choose an alternative like bitcoin, the largest global economy - the US - cannot (at least for now).
According to a recent YouGov survey, most Americans wish to do so.
When asked whether they supported or opposed the US making Bitcoin a legal currency, 11% said "something is against it."
Individuals who supported the idea "extremely" were 11%, while those who supported it "somewhat" were 16%. 34 percent are unsure.
The study also categorizes answers by site, sex, and age.
For example, the West favored such laws more than the Midwest.
Males were more favorable than ladies, who majority said they didn't know whether Bitcoin was legal.
The results were expected when it reached its age.
Participants aged 25-34 supported BTC legalization, while those aged 55+ opposed it.
Can the youth influence the US government's decision to legalize Bitcoin? Let’s discuss in the comments!
