El Salvador's pro-Bitcoin president Nayib Bukele declared victory in the 2024 presidential election on Sunday, before the electoral college announced the official results.
Bitcoin Advocate Nayib Bukele Claims Victory in El Salvador Presidential Elections
“According to our numbers, we won the presidential election with more than 85% of the votes and at least 58 out of 60 Parliament deputies,” Bukele said. This claim is supported by CID Gallup's exit poll data showing that 87% of voters preferred him.
If official voting results confirm Bukele's victory, Bukele will serve as president until 2029.
Bukele, whose popularity increased after touching on gang crimes in the country, is expected to continue his support for Bitcoin.
The government plans to protect bitcoin as legal tender if re-elected, vice president Felix Ulloa told Reuters last week.
Bukele led El Salvador's decision to accept Bitcoin as legal currency in September 2021.
According to Bukele, the country has since accumulated a portfolio worth $131 million by purchasing Bitcoin, making a profit of $3.6 million as of early December last year.
In December, El Salvador introduced the Freedom Visa, which aims to offer residency or citizenship to up to 1,000 applicants per year in exchange for a $1 million investment in Bitcoin or USDT.
This move further underlines the country's commitment to embracing cryptocurrency.
*This is not investment advice.
