According to a recent exit poll conducted shortly after the end of voting on Sunday (4th), Salvadoran President Nayib Bukele, who has shown a friendly attitude towards Bitcoin, won a second five-year term with overwhelming support.
According to CoinDesk, Bukele has been serving as the President of El Salvador since 2019 and enjoys high popularity domestically. He had a significant lead in pre-election polls, so this victory was widely expected. Bukele recently wrote on the X platform:
During his first term, Bukele cracked down on gang violence through large-scale incarceration measures and attracted widespread attention by heavily adopting Bitcoin. In 2021, El Salvador became the first country to adopt Bitcoin as legal tender. The government developed and launched the cryptocurrency wallet Chivo to increase the adoption of Bitcoin and started buying Bitcoin as an investment asset. While this move has received widespread praise from Bitcoin enthusiasts, it has also faced criticism from international organizations such as the International Monetary Fund (IMF).
Related reports: “Salvadoran President Claims $3.62 Million Profit from Bitcoin Investment, Will Continue to ‘HODL'” and “Salvadoran ‘Volcano Bond’ Approved, Expected to Launch in Q1 2024.”
