Bitcoin and politics. In the wake of the temporary resignation of President Nayib Bukele, candidate for his own re-electionEl Salvador, pioneer in the adoption of Bitcoin as legal tender, is going through important times.
This period of political transition raises essential questions about the future role of Bitcoin in the Salvadoran economy, a subject that is all the more relevant in a country that has paved the way for cryptocurrency on the world stage.
President Nayib Bukele resigns from the presidency of El Salvador
There recent resignation of President Nayib Bukelewith a view to running for a second term, is part of a Salvadoran constitutional change in 2021.
This decision is closely scrutinized by Bitcoin enthusiasts and the international observerswho see Bukele as the creator of “ crypto laboratory » what El Salvador has become.
A potential re-election of Bukele could, in fact, prove decisive for the future of cryptocurrencies in the country, in particular for government initiatives linked to Bitcoin.
Claudia Rodriguez de Guevara takes over as interim
Long-time collaborator of Bukele, Claudia Rodriguez de Guevara takes the reins of El Salvador as interim president until June 2024. His proximity to Bukele and his experience suggest continuity in the country’s politics, including with regard to Bitcoin.
The attention of investors, both local and international, will be focused on its management of cryptocurrency policies. Since the adoption of Bitcoin as legal tender, El Salvador has established itself as a study model for the adoption of cryptocurrencies in a country’s economy.
The future of Bitcoin in El Salvador, especially after the elections, is attracting keen interest from economic observers and blockchain experts.
While the country’s political and economic actors debate its future, Bitcoin, indifferent to political fluctuations, continues its rise, approaching $40,000.