If El Salvador has succeeded in the feat of bending the banks to the adoption of Bitcoin (BTC), some parts of the world are strongly dreaming of it, or at least their citizens. A recent survey suggests that this is in any case the will of Texans and some US Key States (the Swing states), who are increasingly willing to pay in Bitcoins and cryptocurrencies.
One third of these US citizens want Bitcoin as their currency
Newsweek magazine published the results of a poll this September 20 on whether citizens in 10 US states want legislation to make cryptocurrencies legal in upcoming elections. And the responses are very encouraging in the Swing States, which, remember, are states that are very much divided (and contested) between the Republican and Democratic political camps.
Of the 9,700 voters surveyed, an overall total of nearly 33% of respondents would support legislation making Bitcoin and cryptos a legal form of payment.
While this figure is already 28% in Arizona, it rises to 37% in Texas, but also in Wisconsin. Proportions that have probably skyrocketed in recent years/months, and suggest the threshold of a majority in the medium term. Just 5 years ago, who was interested in – or even just aware of – cryptocurrencies?
42% want to follow Wyoming’s crypto-friendly example
If you relate the survey to the entire population of the state of Texas, that’s nearly 11 million people ready to support full adoption of crypto-assets.
Even better: people were also asked about supporting legislation similar to that passed by Wyoming, which designates cryptos as a “medium of exchange, unit of account or store of value.” Among other things, this makes crypto transactions exempt from state taxes.
In this scenario, even 42% of Texas voters would be willing to pass such a law for their state. The fateful 50.1% is getting closer!
Especially since in the remaining percentages, a good quarter are in fact undecided, who do not take a position for or against. This is often because they are not familiar with crypto-currencies, as 60% of those surveyed are barely aware of the existence of King Bitcoin and have not even heard of Ethereum or other altcoins.
In fact, barely a quarter of voters think they are “well-versed” in the world of crypto-assets, which still leaves a huge amount of work to be done in educating people about how cryptos work, especially their many use cases and benefits.
While some regions of the United States are on the verge of mass adoption of Bitcoin and cryptos, they are far from the only ones. For after the Americas, Africa is also experiencing a meteoric rise in cryptocurrency usage. The push forward in crypto-adoption is global.
