{"id":25951,"date":"2024-02-02T02:03:17","date_gmt":"2024-02-02T02:03:17","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/el-salvador-to-advance-bitcoin-city-and-more-with-bukeles-reelection\/"},"modified":"2024-02-02T02:03:17","modified_gmt":"2024-02-02T02:03:17","slug":"el-salvador-to-advance-bitcoin-city-and-more-with-bukeles-reelection","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/el-salvador-to-advance-bitcoin-city-and-more-with-bukeles-reelection\/","title":{"rendered":"El Salvador to Advance Bitcoin City and More with Bukele&#8217;s Reelection"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>El Salvador\u2019s commitment to <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a> isn\u2019t wavering, especially with President Nayib Bukele\u2019s reelection prospects looking strong. Vice President Felix Ulloa confirmed in recent <a href=\"https:\/\/www.reuters.com\/world\/americas\/el-salvador-will-stay-committed-bitcoin-after-election-vice-president-2024-02-01\/\">interview<\/a> with Reuters that Bitcoin\u2019s status as legal tender in the nation will continue if Bukele secures another term in office. This statement underscores El Salvador\u2019s pioneering role in embracing cryptocurrency at a national level, a move initiated under Bukele\u2019s leadership in 2021.<\/p>\n<p>The vice president pointed to the recent approval of Bitcoin ETFs in the United States as evidence that El Salvador\u2019s stance on Bitcoin is well-founded. Since adopting Bitcoin alongside the U.S. dollar, El Salvador has attracted global attention, not just for its unique financial strategy but also for Bukele\u2019s distinctive approach to governance, characterized by his active use of social media.<\/p>\n<p>Despite facing criticism (and <a href=\"https:\/\/igaming.org\/crypto\/el-salvador-ignores-imf-bitcoin-is-about-sovereignty\/\">snubbing<\/a> it) from international bodies like the IMF and the U.S. government over its cryptocurrency initiatives, El Salvador under Bukele\u2019s administration is looking to double down on its crypto-friendly policies. A win for Bukele in the upcoming elections would not only reinforce the country\u2019s crypto path but also advance ambitious projects like <a href=\"https:\/\/igaming.org\/crypto\/bitcoin-city-announced-in-el-salvador-powered-by-volcanoes\/\">Bitcoin City<\/a>, proposed technological hub that would leverage <a href=\"https:\/\/igaming.org\/crypto\/volcano-energy-secures-1-billion-for-revolutionary-bitcoin-mining-project-in-el-salvador\/\">geothermal energy from a volcano for power<\/a> and fund its development through Bitcoin-backed bonds.<\/p>\n<p>Bukele\u2019s approach, blending tech-savvy governance with a strong push towards cryptocurrency, has made El Salvador a case study in national digital currency adoption. His reelection could further solidify the country\u2019s position as a leader in the global conversation on cryptocurrencies and their place in national economies.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/el-salvador-to-advance-bitcoin-city-and-more-with-bukeles-reelection\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) El Salvador\u2019s commitment to Bitcoin isn\u2019t wavering, especially with President Nayib Bukele\u2019s reelection prospects looking strong. Vice President Felix Ulloa confirmed in recent interview with Reuters that Bitcoin\u2019s status as legal tender in the nation will continue if Bukele secures another term in office. This statement [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25951"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25951"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25952"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}