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Bitcoiners living in the country are skeptical of the number, however.

Only one in 10 Salvadorans used Bitcoin in the past year, a recent survey found – but even that may be a stretch.

According to a recent study by the University Institute of Public Opinion of El Salvador, 12% of Salvadorans used bitcoin in the past year. This represents a significant drop in usage year-on-year. The same center revealed last year that 21% of Salvadorans had used bitcoin in 2022.

Of the remaining respondents, 85% claim they haven’t used it in the past year, while 3% said they have never used it.

Bitcoin is legal tender in the country since September 2019. It has been debated how much the system is used in the Central American nation, which has earned the tag of “Bitcoin Country.”