LATEST: Bitcoin-Backed Nayib Bukele Wins Re-Election in El Salvador

El Salvador has decisively re-elected President Nayib Bukele, a staunch Bitcoin advocate, marking a significant moment for the cryptocurrency world. Garnering over 85% of the vote and securing a dominant presence in the Assembly with at least 58 of 60 deputies, Bukele’s victory underscores the nation’s support for his progressive crypto policies. Under his leadership, El Salvador became the pioneering country to adopt Bitcoin as legal tender in 2021, introducing the Chivo wallet to boost its usage and investing in the digital currency. Despite international scrutiny, notably from the IMF, Bukele’s bold move has not only been celebrated by Bitcoin enthusiasts but has also positioned El Salvador as a trailblazer in embracing the future of finance. This electoral triumph reaffirms the country’s commitment to Bukele’s vision of integrating cryptocurrency into its economy.


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