Outraged protesters burn Bitcoin ATMs in El Salvador

El Salvador’s indigenous newspaper La Prensa Grafica (LPG) shared a traumatic video on its Twitter page showing the anti-Bitcoin protests as outraged protesters set vending machines on fire.

Outraged protesters set fire to Bitcoin ATMs in El Salvador

On Wednesday, the Bukele government saw protesters in El Salvador take to the streets with signs saying “No to the dictatorship” and “We were fooled by Bitcoin”. Bitcoin ATMs, which were installed earlier this month in place of the foreseeable introduction of the legal tender Bitcoin, were set on fire by protesters.

Reportedly, a survey by the University of Central America (UCA), a university based in El Salvador, found earlier this month that most Salvadorans are opposed to the legal tender of Bitcoin (BTC) being introduced across the country. That’s a whopping 67.9% of 1,281 respondents who express a strong opposition to using Bitcoin as legal tender. Only 32.1% of citizens now agree with this decision.

The results of the UCA survey show the enormous dissatisfaction of the population with the upcoming legal tender BTC in El Salvador, as well as their disapproval of the government’s ignorance of the will of the citizens. According to the survey, an average of 7 out of 10 responses discredit the decisions of policymakers and advise them to repeal BTC’s legal tender laws. In addition, Salvadorans have raised concerns about introducing legal tender for BTC, leading to increased economic polarization within the country.

“What we can see in this survey, in addition to the widespread rejection of the introduction of Bitcoin as legal tender, is the first time that we have noticed significant disagreements between the population and decisions made by the Legislative Council and the President,” said UCA Dean Andreu Oliva .

“There is great concern about the potential negative effects of using Bitcoin,” added Oliva.

The survey addressed the public’s displeasure with the arbitrariness of the government. That feeling was heightened during yesterday’s protests when protesters questioned President Bukele’s dominant leadership style after the country’s judiciary approved his candidacy for a second term despite constitutional restrictions.

“It is important to say this morning: Enough! What the government is doing is arrogance, that’s authoritarianism, “protester Dora Rivera told Reuters.

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