Trends: Bitcoin is on the El Salvador ballot
Bitcoin will be present on El Salvador's electoral ballots this Sunday, February 4, as current president Nayib Bukele seeks re-election.
The president of El Salvador, Nayib Bukele, is on track to win re-election in the elections that will be held in El Salvador, this Sunday, February 4. And with it, Bitcoin jumps, for the first time, onto an electoral ballot, as a fundamental part of the project that bases its economy on digital currency in the search for a better future.
Now, the decentralized electronic cash network demonstrates on Sunday that it will continue to be more relevant than ever and that it can be influential when it comes to electing a new president or continuing a government project.
In 2021, Bukele became visible to the entire world when on June 5 he announced that he would recognize bitcoin as legal tender. So, from that moment on, the Salvadoran president turned the digital currency invented by Satoshi Nakamoto into a central piece of his state policy.
At that time, the concern generated by the money issuance measures promoted by central banks was reflected through the draft of the Bitcoin Bill.
