AIBC

US sees 27% supporting Bitcoin as legal tender – YouGov

Posted:Sep 12, 2021 08:30 Category: Americas , Blockchain , Crypto , Posted by
Jeremy Micallef

Baby boomer downright hated the idea, whilst Democrats showed more interest in the cryptocurrency becoming legal tender than their Republican peers

According to a recent survey, 27% of Americans are in favour of the State making Bitcoin legal tender. Specifically, 11% of respondents “strongly favour” the concept that Bitcoin should be used as legal money in the United States, while 16% “somewhat support” the idea, according to the results.

The survey of 4,912 U.S. citizens found that a higher percentage of Democrats than Republicans favour the measure. In contrast to Republicans, over 29% of Democrats are either strongly or somewhat in favour of recognising Bitcoin as legal money, while just 26% of Republicans are.

Younger generations, as expected, are more supportive. BTC as legal tender is well-liked by respondents aged 25-34, with 44% in favour. Baby boomers (ages 57-75) were virtually as hostile to the proposal (43%), with only 11% supporting it.

Findings show that those who make more than $80,000 a year are twice as likely to favour Bitcoin as legal tender (21%), compared to those who earn less than $40,000. (11%). Most of the opposition comes from those earning less than $40,000.

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