🔥🔥🔥El Salvador's Bitcoin-Friendly President Nayib Bukele Elected to Second Term with Great Victory
El Salvador's Bitcoin-friendly President Nayib Bukele has been elected to a second term, scoring a landslide victory in the 2024 presidential election. Bukele will serve another five-year term with more than 85% of the vote and is expected to continue his pro-Bitcoin policies. During his first term, Bukele made El Salvador the first country in the world to accept Bitcoin as legal currency. It has also gained immense popularity by implementing a strong security strategy to reduce crime rates in the country.
Under Bukele's leadership, the government of El Salvador has also implemented various crypto projects, such as the Bitcoin City project and Bitcoin bonds. However, international organizations such as the IMF criticized these policies and described the country's economic situation as "fragile". Bukele stated that he will continue to support Bitcoin and other crypto projects in his second term.