Bitcoiner Naib Buquele was re-elected as the President of El Salvador

According to the results released so far, the President of El Salvador, Naib Buquele, is likely to be elected for a second term with a landslide victory.

Buccele's administration has made history by controlling gang violence in El Salvador and making bitcoin legal tender in the country.

Another five years for President Naib Bukele

On X-Post, Bukele And at least 58 of the 60 members of the House.

According to our numbers, we won the presidential election with more than 85% of the vote and at least 58 of the 60 members of the House of Representatives.

A record in the history of world democracy.

Let's meet in front of the National Palace at 9:00.

God bless El Salvador.

— Naib Bukele (@naibbukele) February 5, 2024

Subsequent reports confirmed his announcement, with slight variations in the percentages. According to The Guardian, Bouke won 83 percent of the vote.

Meanwhile, in the last revised election of the Tribunal Supremo (TSE), El Salvador's highest electoral authority, Nuevas' proposals were leading with nearly 1.3 million votes, according to primary results with 31.49% of the vote. The two main opposition parties, Farabundo Marti National Liberation Front (FMLN) and National Republican Alliance (ARENA) received 110,244 and 96,700 votes respectively.

Buquele announced for the first time that he plans to run for re-election in 2022, as El Salvador's constitution bars presidents from serving two consecutive five-term terms. However, a Supreme Court ruling in 2021 allowed the current president to run for a second term.

In the year After becoming president of El Salvador in 2019, Bukele received high approval ratings from the public. One of his main achievements is the control of gang violence in the country, the authorities have reduced crime and violence by mass arrests.

A Bitcoin-loving president

Buckele is also known as one of the most vocal proponents of Bitcoin (BTC). In the year In 2021, El Salvador became the first country to accept bitcoin as legal tender, a move criticized by international bodies such as the International Monetary Fund (IMF).

Since then, the president of El Salvador collects BTC on behalf of the country. According to the website Naib Tracker, the country's 2,825 BTC reserves are currently worth more than $121 million.

In addition to buying BTC, Buckele also introduced some BTC-friendly initiatives such as Volcanic Bonds along with plans to establish a Bitcoin City.

If Buccele is officially confirmed as the winner of the current presidential election, the administration will continue to work forward with Bitcoin plans, according to El Salvador's Vice President Félix Ulloa, which is scheduled to launch Bitcoin-backed bonds in Q1 2024.