El Salvador’s President Nayib Bukele Celebrates Re-election Victory
El Salvador’s President Nayib Bukele has declared a resounding triumph in the country’s presidential election. Shortly after the polls closed, Bukele announced on Twitter that he had secured over 85% of the vote, according to preliminary counts. He also stated that his party, Nuevas Ideas, is poised to secure a significant majority in the legislative assembly.
Bukele’s Record-Breaking Win
Bukele proclaimed, “According to our numbers, we have won the presidential election with more than 85% of the votes and at least 58 of the 60 deputies of the Assembly.” He described this victory as a record in global democratic history. Bukele invited his supporters to join him in front of the National Palace at 9 pm to celebrate.
Exit Polls Support Bukele’s Claim
Although official results from electoral authorities are still pending, Bukele’s announcement aligns with an exit poll by Costa Rican research firm CID Gallup, which indicated an 87% victory for Bukele and Nuevas Ideas.
Nayib Bukele’s Bitcoin Strategy Pays Off
In addition to his re-election, President Bukele has seen success with El Salvador’s Bitcoin investments. In December 2023, he shared on social media that the country was profiting from its Bitcoin holdings. With Bitcoin prices exceeding $42,000, selling their holdings would result in a profit of $3.62 million for El Salvador.
Citizenship for Crypto Investment
In December 2023, El Salvador introduced legislation allowing foreign nationals to obtain Salvadoran citizenship through Bitcoin investment. This move aimed to attract international investors and stimulate economic growth by streamlining the residency requirement.
Bukele’s Potential Authority
If President Bukele’s projections hold true, he could become the first Salvadoran president in nearly a century to win re-election. This victory could grant him significant power, potentially enabling him to make constitutional amendments.
Hot Take: El Salvador’s Pro Bitcoin President Wins Re-election
El Salvador’s President Nayib Bukele has claimed a decisive victory in the presidential election, securing over 85% of the votes. With his party set to gain a majority in the legislative assembly, Bukele’s re-election further solidifies his authority. Bukele’s successful Bitcoin strategy, which has yielded profits for El Salvador, along with the introduction of citizenship for crypto investment, demonstrate his commitment to embracing digital assets. As Bukele prepares for another term, his potential influence over the country’s constitution raises intriguing possibilities for the future of El Salvador.
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