37% Of Texas Citizens Favour Bitcoin Legalisation

A Newsweek survey indicates that the number of Texans who would vote in favour of a law making bitcoin legal currency may reach 10.8 million.

Today, Bitcoin is one of the most astonishing inventions ever. The world’s first cryptocurrency has gained its much-needed acceptance, making it easier for people to transact with each other. Many people are now buying Bitcoins to save their hard-earned money and make the most out of their investment.

The latest findings came from Newsweek, which surveyed more than 9,700 voters in 10 U.S. states and published the results on September 20. The results of the poll revealed that around 37% of Texans would support cryptocurrency legalization. 42% of respondents favored the implementation of legislation like Wyoming’s, which is already cryptocurrencies-friendly. Approximately 10 million inhabitants of Texas will be bitcoin adopters in 2021 if the number of citizens totals 29 million individuals.

Even before two crypto laws went into effect in Texas, the findings of the Redfield & Wilton Strategies poll, which was conducted from August 20 to 24, were revealed. The “Uniform Commercial Code” was modified to acknowledge cryptocurrencies. The state established a “Blockchain Special Group” to put people together to work with various things in the blockchain.

Following the implementation of restrictions in China, Texas has also become a primary center for crypto mining firms. Cheap sources of renewable energy are offered, and the limits for the power system are laxer. Despite this, some retail businesses don’t accept the initial bitcoin as payment. Bitomats (or virtual Bitcoin ATMs) will soon be available in certain H-E-B shops through a deal with Coin Cloud. But, despite the positive reception of the measures, some people remain cautious about introducing severe adoption measures.

Also Read: Professor Steve Hanke Believes Bitcoin Has No Fundamental Value

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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