El Salvador: Between Public Approval and Skepticism Towards Bitcoin

bridge_anxiety · 2026-02-22T05:17:12+00:00

Nayib Bukele, president of El Salvador, enjoys a high approval rating of 91.9% despite low public support for his Bitcoin initiative. This reveals a gap between personal popularity and policy acceptance, compounded by international concerns from the IMF. El Salvador continues its daily Bitcoin purchases, demonstrating commitment to its long-term cryptocurrency strategy.

bridge_anxiety

2026-02-22 05:17:12

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Nayib Bukele, the President of El Salvador, maintains an impressive approval rating of 91.9%, positioning him as one of the most popular leaders worldwide. His political strength is primarily based on the implementation of security reforms. However, this overall popularity does not reflect societal acceptance of his flagship cryptocurrency initiative.

The Paradox of Support: Why Bitcoin Still Lacks Favor in El Salvador

Only 2.2% of the Salvadoran population considers Bitcoin’s strategy successful, which starkly contrasts with the general support for the president. The discrepancy between political credit and actual acceptance of the cryptocurrency policy reveals a deep divide between support for the individual and support for specific actions. This disparity indicates that Salvadoran society, while still trusting Bukele, remains skeptical of shifting economic priorities toward digital assets.

International Challenges to El Salvador’s Cryptocurrency Ambitions

The International Monetary Fund explicitly urges Salvadoran authorities to reduce their promotion of Bitcoin, citing concerns over financial stability and economic risks. The IMF’s position poses a significant external constraint on the full implementation of Bukele’s vision, though it does not dampen his determination.

Determination Despite Resistance: El Salvador Continues Daily Bitcoin Purchases

Despite societal skepticism and international opposition, El Salvador remains committed to its strategy. The government systematically buys one Bitcoin daily, demonstrating unwavering dedication to its long-term cryptocurrency vision. This consistent purchasing policy underscores that El Salvador views its initiative not as a passing trend but as a fundamental strategic shift.

El Salvador’s strategy reveals the complex reality of modern economic reforms: a popular leader can maintain public support even when specific policies face resistance. Whether this determination will ultimately change opinions about Bitcoin’s role in El Salvador remains a question for the future.

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