Posted 2/5/2024, 10:55:51 AM
Bukele Wins Landslide Re-election in El Salvador on Pro-Bitcoin Platform
- Nayib Bukele re-elected as President of El Salvador with over 85% of votes, known for pro-Bitcoin stance
- Since taking office in 2019, reduced gang violence and made Bitcoin legal tender - a pioneering move
- Administration introduced Chivo crypto wallet and invested in Bitcoin, showing commitment to crypto
- Faces international scrutiny, especially from IMF, but widespread domestic support
- Anticipated to further integrate Bitcoin into economy in 2nd term, including launching Bitcoin-backed "Volcano bonds" to finance renewable energy BTC mining