El Salvador’s pro-bitcoin president Nayib Bukele declared his win within the 2024 presidential election held on Sunday earlier than the electoral physique introduced the outcomes.
“In response to our numbers, we received the presidential election with greater than 85% of the votes and a minimal of 58 out of 60 Meeting deputies,” Bukele said on X. CID Gallup’s exit ballot information additionally showed that 87% voted in his favor.
If the official voting outcomes verify Bukele’s win, he’ll serve as president till 2029.
Bukele, whose help rose after tackling the nation’s gang crime, is predicted to proceed supporting bitcoin. His vice president Felix Ulloa told Reuters final week that the federal government plans to take care of bitcoin as its authorized tender upon re-election.
Bukele spearheaded El Salvador’s resolution to undertake bitcoin as its authorized tender in September 2021. Since then, the nation has additionally been buying bitcoin, accumulating a portfolio price $131 million and a revenue of $3.6 million as of early December final yr, according to Bukele.
In December, El Salvador introduced “Freedom Visa,” which goals to supply residency or citizenship to as much as 1,000 candidates per yr for a $1 million funding in bitcoin or USDT.
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About Writer
Danny Park is an East Asia reporter at The Block writing on matters together with Web3 developments and crypto laws within the area. He was previously a reporter at Forkast.Information, the place he actively coated the downfall of Terra-Luna and FTX. Primarily based in Seoul, Danny has beforehand produced written and video content material for media corporations in Korea, Hong Kong and China. He holds a Bachelor of Journalism and Enterprise Advertising from the College of Hong Kong.
