According to Odaily, President Nayib Bukele of El Salvador has commenced his second term in office. The inauguration ceremony took place on June 1 at the Gerardo Barrios Square in El Salvador. This marks five years since Bukele took the oath of office, becoming the first 'Bitcoin President'.
Bukele's first term was notable for his decision to make Bitcoin a legal tender in El Salvador. This groundbreaking move took place on September 7, 2021, making El Salvador the first country to officially recognize Bitcoin as a legal currency. This decision marked a significant shift in the global financial landscape and established El Salvador as a pioneer in the adoption of digital currencies.
As Bukele begins his second term, the world will be watching to see how his policies continue to shape El Salvador's economic and digital landscape.