When Salvadorans were asked in August 2021 on how much they thought the Bitcoin price was at that time, eight of out ten respondents filled in a wrong answer. That month, a price chart for Bitcoin (BTC) suggests it reached values between 37,000 and 47,000 U.S. dollars. Around 20 percent of the respondents in Salvador, however, thought a single BTC was worth one U.S. dollar or less. An additional four out of ten respondents did not reply to the question - potentially raising concerns on cryptocurrency literacy in a country that planned to introduce Bitcoin as a legal tender in September 2021.
Estimates on how much one Bitcoin is worth in U.S. dollars according to people in El Salvador in August 2021
residents; results have been weighted to represent the entire population
Method of interview
Face-to-face interview
Supplementary notes
This question was phrased by the source as follows: "Ahora bien, utilizando la siguiente tarjeta, ¿acuántos dólares cree usted que equivale un Bitcoin?" (in English: Now, using the following options on this card, how much do you think one Bitcoin is worth in U.S. dollars?").
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UCA El Salvador (Instítuto Universitario de Opinión Pública). (September 2, 2021). Estimates on how much one Bitcoin is worth in U.S. dollars according to people in El Salvador in August 2021 [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1261719/bitcoin-price-estimation-of-residents-in-el-salvador/
UCA El Salvador (Instítuto Universitario de Opinión Pública). "Estimates on how much one Bitcoin is worth in U.S. dollars according to people in El Salvador in August 2021." Chart. September 2, 2021. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1261719/bitcoin-price-estimation-of-residents-in-el-salvador/
UCA El Salvador (Instítuto Universitario de Opinión Pública). (2021). Estimates on how much one Bitcoin is worth in U.S. dollars according to people in El Salvador in August 2021. Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1261719/bitcoin-price-estimation-of-residents-in-el-salvador/
UCA El Salvador (Instítuto Universitario de Opinión Pública). "Estimates on How Much One Bitcoin Is worth in U.S. Dollars According to People in El Salvador in August 2021." Statista, Statista Inc., 2 Sep 2021, https://www.statista.com/statistics/1261719/bitcoin-price-estimation-of-residents-in-el-salvador/
UCA El Salvador (Instítuto Universitario de Opinión Pública), Estimates on how much one Bitcoin is worth in U.S. dollars according to people in El Salvador in August 2021 Statista, https://www.statista.com/statistics/1261719/bitcoin-price-estimation-of-residents-in-el-salvador/ (last visited December 19, 2024)
Estimates on how much one Bitcoin is worth in U.S. dollars according to people in El Salvador in August 2021 [Graph], UCA El Salvador (Instítuto Universitario de Opinión Pública), September 2, 2021. [Online]. Available: https://www.statista.com/statistics/1261719/bitcoin-price-estimation-of-residents-in-el-salvador/
