Nayib Bukele, the former Bitcoin-friendly president of El Salvador, appears to have secured victory in the 2024 Presidential election.
Despite official results pending, Bukele announced on Twitter that he leads with an 85% vote share and support from a majority of National Assembly deputies. Known for his tough stance on crime and advocacy for Bitcoin, Bukele's unconventional approach gained popularity during his previous term, where El Salvador became the first country to recognize Bitcoin as legal tender in 2021. His commitment to the "Bitcoin dream" includes initiatives like the Chivo wallet, Bitcoin ATMs, and plans for a "Bitcoin City" powered by renewable energy. The country aims to issue a $1 billion Bitcoin bond in Q1 2024 and has seen profits from its Bitcoin investment portfolio. Additionally, El Salvador collaborated with Tether for the "El Salvador Freedom Visa Program," offering citizenship through a $1 million investment in USDT or BTC.
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