A new poll has found that 27% U.S. residents support the government recognizing Bitcoin ( $60,115.00 ) as legal tender.
According to a poll from research and data analytics firm YouGov, 11% of respondents “strongly support” the idea that Bitcoin ( $60,115.00 ) should be used as legal tender in the United States and a further 16% of respondents would “somewhat support” it.
The poll, which queried 4,912 U.S. residents, indicated that a larger number of Democrat respondents support the proposition than Republicans. Around 29% of Democrats stated they either strongly or somewhat support recognizing BTC as legal tender compared to 26% of Republicans.
As you might expect, there is more support among younger generations. Respondents aged 25-34 are highly supportive of BTC as legal tender, with 44% responding in favor. But almost as many baby boomers (aged between 57-75) strongly opposed the idea (43%) with just 11% in total supporting the proposition.
The findings show that income has a significant effect on an individuals’ attitudes regarding crypto, with respondents who earn more than $80,000 annually appearing twice as likely to support Bitcoin ( $60,115.00 ) as legal tender (21%) than those who earn less than $40,000 (11%).
Participants who earn less than $40,000 are also the group most strongly opposed to the idea.
Related: Sept. 7 is ‘ Bitcoin ( $60,115.00 ) Day’ in El Salvador as BTC becomes legal tender
The poll comes amid the backdrop of El Salvador’s controversial Bitcoin ( $60,115.00 ) Law taking effect on Sept. 7.
Proposed by President Nayib Bukele, the law was passed by El Salvdor’s parliament in June despite pushback from the international community and 70% of Salvadorans expressing opposition to the legislation in an early September poll.