5 more years for Bitcoin? President Nayib Bukele achieved the incredible, by managing to offering Bitcoin (BTC) as legal tender to his country on September 7, 2021. However, God knows that supranational bodies – like the IMF (International Monetary Fund) – have everything done to dissuade him. His 5-year mandate due to end in 2024, Nayib Bukele has just submit your application for his re-election as president of El Salvador.
Nayib Bukele asks for 5 more years: the future of Bitcoin at stake in El Salvador?
President Nayib Bukele successfully completed his race against the clock. In fact, he only had until October 26 midnight to register as a candidate for the presidency of El Salvador. And it was precisely shortly before midnight that day (i.e. after 7 a.m. on October 27 in France) that the candidacy for his re-election was recorded speak Supreme Electoral Tribunal (Supreme Electoral Court).
It is therefore a new and second mandate of 5 years Who will Nayib Bukele run for? February 4, 2024the day of the next presidential elections in El Salvador.
“The Supreme Electoral Tribunal received a request for registration of the presidential candidate of the Nuevas Ideas party, composed of Nayib Bukele and Félix Ulloa [vice-président]. »
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A popular plebiscite despite attempts at constitutional challenges
If the cryptosphere mainly has in mind the advent of Bitcoin as national currency of El Salvador under this first mandate of Nayib Bukele, the current president also seems highly appreciated by his population for his fight against drug traffickers and crime in general.
According to a recent poll shared by Reuters, the party New Ideas founded by Nayib Bukele receives nearly 70% support of the population, compared to only 4% for its closest competitor. Competitors who have, in the case of the FMNLB party, filed a lawsuit in June 2021For attempt to prevent Bitcoin adoptionconsidering it as “unconstitutional”. An action which therefore failed.
And it’s once again by invoking the constitution Salvadoran that the opponents of the current president claim that he “would not have the right” to run for a second term. Unfortunately for them, the highest court in the country judged, from 2021, that Nayib Bukele could well represent.
These contradictors are therefore fine have to face the outgoing president at the polls and before the popular vote. If the future of El Salvador is of course at stake, it is also the future of cryptocurrencies in the country which will be written next February. Because we can be almost sure that break Bitcoin adoption will appear among the opposition program.
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