Professional-Bitcoiner Nayib Bukele is broadly anticipated to run for a second time period as El Salvador’s president after new exit ballot information signifies his social gathering has received 87% of the votes.
Bukele, who leads the “Nueva (New) Concepts” social gathering, reposted an X publish from CID Gallup on Feb. 5, exhibiting him his social gathering holding 87% of votes, whereas his closest rivals Manuel Flores and Joel Sanchez maintain 7% and 4% of the votes, respectively. Ought to the official outcomes present the same lead, he would function president till 2029.
— CID Gallup (@cidgallup) February 5, 2024
In an X publish, Bukele mentioned his personal social gathering’s information exhibits he has received the election with greater than 85% of the votes and a minimal of 58 out of 60 deputies within the meeting.
A spokesman for the nation’s Nationwide Bitcoin Workplace advised Cointelegraph they anticipate an excellent larger proportion of votes going to Bukele as soon as the official outcomes are out.
Nayib Bukele made Bitcoin authorized tender within the nation in September 2021 amongst different initiatives supporting the cryptocurrency, and can be identified for his crackdown on gang crime.
Final week, Vice President Félix Ulloa reportedly confirmed Bukele’s Bitcoin technique wouldn’t change if he have been elected, in keeping with a Reuters report on Feb. 1.
Associated: El Salvador’s Bitcoin portfolio swings to revenue
Bukele’s marketing campaign towards a second time period didn’t come with out controversy, although.
A number of critics, equivalent to Salvadoran lawyer Alfonso Fajardo, have argued the nation’s structure prohibits Bukele from looking for a second consecutive time period.
“Right this moment is an efficient day to keep in mind that speedy presidential re-election is prohibited as much as 7 occasions by the Structure,” Fajardo mentioned when information broke that Bukele filed paperwork to run once more in October.
El Salvador has been touted as probably changing into the “Singapore of the Americas” by Vaneck technique adviser Gabor Gurbacs, who expects extra funding capital and immigration to move into the nation within the coming years.
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