Bitcoin President set to be re-elected today with a record number of votes

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Last Updated on 4 February 2024 by CryptoTips.eu

Can you imagine being a politician and 82% of all eligible voters claim they will re-elect you today. European and even North American leaders who see their popularity at its lowest level in years can only dream of it in 2024. But that is approximately the election result that Nayib Bukele of El Salvador, also called the Bitcoin president, will probably achieve today.

Earlier this week, a survey was conducted in Chile about the voting intentions of Salvadorians. It turned out that the other presidential candidates would receive a meager 2 to 3 percent of the votes. Before you ask, according to almost all authorities in the world, the elections in El Salvador are very open and fair. Bukele, also known as the ‘Bitcoin President’ is simply too popular.

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Economist

Crypto and Bitcoin seem to be taking a little break. So do the global stock markets. All this because Friday’s jobs report in the United States was much better than anticipated. As a result, analysts no longer know whether the Federal Reserve will cut interest rates this year or not. So we have to wait to see how markets react on Monday

In the meantime, we are presented with yet another election.

Both the famed Economist and the Financial Times had to admit it this week. One of the easiest election results of 2024 (a year in which about half the world’s population will go to the polls) is that of Nayib Bukele, the president of El Salvador. He is also known as the man who chose to make Bitcoin a legal means of payment in his country. His nickname therefore is the ‘Bitcoin president’.

Bitcoin City

In 2021, Bukele outlined his plans for ‘Bitcoin City’, a tax-free crypto haven powered by the geothermal energy of a nearby volcano. When the price of Bitcoin collapsed in 2022, the global media laughed at him for using government money to purchase crypto.

However, at the beginning of 2024, Bukele’s state investments in Bitcoin are once again profitable and he is more popular than ever (also because he managed to drastically reduce the number of murders in the country).

On the website ‘Nayibtracker’ his people can follow the status of El Salvador’s investments in Bitcoin

Bitcoin City is still a distant dream, but Bukele will become the ‘Bitcoin president’ again after this weekend. Together with Javier Milei in Argentina, there are now two Bitcoin fans in power in South America. Who knows, this could be the start of something very beautiful in that region.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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