{"id":25993,"date":"2024-02-05T09:15:08","date_gmt":"2024-02-05T09:15:08","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/el-salvadors-president-bukele-wins-re-election-continues-bitcoin-adoption\/"},"modified":"2024-02-05T09:15:08","modified_gmt":"2024-02-05T09:15:08","slug":"el-salvadors-president-bukele-wins-re-election-continues-bitcoin-adoption","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/el-salvadors-president-bukele-wins-re-election-continues-bitcoin-adoption\/","title":{"rendered":"El Salvador&#8217;s President Bukele Wins Re-election, Continues Bitcoin Adoption"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Nayib Bukele, the President of El Salvador known for his pro-bitcoin stance, has secured a victory for another term, signaling continued support for cryptocurrency initiatives within the nation. Exit polls indicated a landslide win for Bukele right after the polls closed on a Sunday evening, mirroring his high approval ratings and the anticipation of his re-election.<\/p>\n<p>During his first term that began in 2019, Bukele\u2019s administration took big steps such as the mass incarceration of gang members to combat violence and the historic move to adopt bitcoin as the country\u2019s legal tender in <a href=\"https:\/\/igaming.org\/crypto\/september-7-bitcoinday-in-el-salvador\/\">September of 2021<\/a>. This made El Salvador the world\u2019s first country to fully embrace the cryptocurrency, decision that was celebrated by bitcoin advocates but <a href=\"https:\/\/igaming.org\/crypto\/el-salvador-ignores-imf-bitcoin-is-about-sovereignty\/\">viewed skeptically<\/a> by entities like the International Monetary Foundation (IMF).<\/p>\n<p>Bukele proudly announced on Twitter, \u201cAccording to our numbers, we have won the presidential election with more than 85% of the votes and a minimum of 58 of 60 deputies in the Assembly.\u201d His administration didn\u2019t stop with just adopting bitcoin; it also launched the Chivo crypto wallet to promote its use and began investing in the cryptocurrency.<\/p>\n<p>Looking ahead, El Salvador is preparing to <a href=\"https:\/\/igaming.org\/crypto\/el-salvador-to-advance-bitcoin-city-and-more-with-bukeles-reelection\/\">continue its Bitcoin mission<\/a> and will bring out its bitcoin-backed \u201c<a href=\"https:\/\/igaming.org\/crypto\/el-salvador-to-launch-worlds-first-bitcoin-bonds-on-bitfinex-securities\/\">Volcano bonds<\/a>,\u201d project that received regulatory nod in December. The initiative aims to fund a bitcoin mining operation that relies entirely on renewable energy <a href=\"https:\/\/igaming.org\/crypto\/volcano-energy-secures-1-billion-for-revolutionary-bitcoin-mining-project-in-el-salvador\/\">sourced from volcanoes<\/a>. This venture is part of a broader vision that includes the establishment of <a href=\"https:\/\/igaming.org\/crypto\/bitcoin-city-announced-in-el-salvador-powered-by-volcanoes\/\">Bitcoin City<\/a>, expected to develop in close proximity to the mining sites, leveraging the country\u2019s volcanic energy to power its growth.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong><strong>250% Extra + $125 Free Chip!<\/strong><\/strong> <\/p>\n<p>New players only. 250% on 1st Deposit + $125 Free Chip<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/nayib-bukele-secures-second-term-with-pro-bitcoin-agenda\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Nayib Bukele, the President of El Salvador known for his pro-bitcoin stance, has secured a victory for another term, signaling continued support for cryptocurrency initiatives within the nation. Exit polls indicated a landslide win for Bukele right after the polls closed on a Sunday evening, mirroring [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25994,"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\/25993"}],"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=25993"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25994"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}