According to an exit poll conducted shortly after the end of the vote on Sunday night, Salvadoran President Nayib Bukele, who has a friendly attitude towards Bitcoin, has won a second five-year term with an overwhelming advantage. According to CoinDesk, Bukele has been serving as the President of El Salvador since 2019 and has enjoyed high popularity domestically. He has been significantly ahead in pre-election polls, so this election result was widely expected. Bukele wrote earlier on the X platform: “During my first term, I used large-scale incarceration to combat gang violence and have attracted widespread attention by heavily adopting Bitcoin. In 2021, El Salvador became the first country to adopt Bitcoin as legal tender. The government developed and launched the cryptocurrency wallet Chivo to increase the adoption of Bitcoin and started purchasing Bitcoin as an investment asset.” While this move has received widespread praise from Bitcoin enthusiasts, it has also attracted criticism from international organizations such as the International Monetary Fund (IMF). Related reports: “El Salvador President Claims Bitcoin Investment in the Country Has Gained $3.62 Million and Will Continue to ‘HODL'” and “El Salvador’s ‘Volcano Bond’ Approved, Expected to Launch in Q1 2024.”
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