Bukele Wins Re-election in Landslide Victory in El Salvador Amid Bitcoin and Anti-Gang Crackdown
• El Salvador's president Nayib Bukele won re-election by a landslide based on exit polls, securing another 5-year term • Bukele made headlines in his first term by cracking down on gang violence and making El Salvador the first country to adopt bitcoin as legal tender • El Salvador introduced a crypto wallet called Chivo to drive bitcoin adoption and has been buying bitcoin as an investment • The country plans to issue "Volcano bonds" this year - bitcoin-backed bonds to fund renewable energy-powered bitcoin mining • Bukele enjoyed great popularity and was expected to win by a large margin in the elections