Bitcoin President Nayib Bukele “wide path” to be re-elected

Under the leadership of President Nayib Bukele, El Salvador became the first country to recognize Bitcoin as legal currency in 2021.

Bitcoin President Nayib Bukele “wide path” to be re-elected. Photo: CoinDesk

Nayib Bukeleis getting very close to a new term in El Salvador's 2024 Presidential election. Even though the vote counting agency has not yet announced the results, this Bitcoin-friendly former President seemed to confirm his victory yesterday (February 4).

Sharing on his personal X (Twitter), Mr. Bukele affirmed:

"We are leading with an overwhelming majority of more than 85% of the votes and have the support of at least 58/60 National Assembly deputies."

CID Gallup's survey also showed a similar number, 87% of voters chose to support Nayib Bukele. 

Mr. Nayib has held the position of President of El Salvador since 2019 andrun for re-election in September 2022. During his previous term, the 37-year-old man made a name for himself thanks to his unconventional approach that was "unlike anyone else" but very popular in this country.

He is famous throughout Latin America for his strong crackdown on criminal gangs. Above all, the move to "bet" on Bitcoin,legalized as the legal currency of El Salvadorfrom 2021. 

Despite criticism from international organizations such as the International Monetary Fund (IMF), Nayib Bukele remains steadfast in his “Bitcoin dream”, from developing the Chivo cryptocurrency wallet, exporting Bitcoin ATMs, until the beginning Buy this asset as a regular investment every day.

Along with the ambition to build a "Bitcoin City" based on potentialMining coins using renewable energy from volcanoes, the Central American country also plansIssued the first $1 billion Bitcoin bondinfirst quarter of this year.

El Salvador Bitcoin Portfolio"returned to shore" in December 2023andtemporarily recorded a profit of 10 million USD on January 10. In addition, the government of this country has recently partners with Tether to launch "El Salvador Freedom Visa Program". Accordingly, anyone can become a citizen of El Salvador if they agree to invest 1 million USD in USDT or BTC in this country.