Known for his pro-Bitcoin stance and aggressive anti-crime policies, Nayib Boucle is a leader in recent elections, with exit polls showing his Nueva Idea party leading by 87%. He is poised to secure a second term as president of El Salvador.
This surprising margin suggests that Bukele may remain in the top position until 2029, underscoring voters' strong support for his rule.
Bukele himself claimed victory in a Feb. 5 Ta.
Despite his popularity, Bukele's eligibility for re-election has sparked controversy. Critics, including Salvadoran lawyer Alfonso Fajardo, claim The constitution explicitly prohibits the president from serving consecutive terms, raising constitutional questions regarding his candidacy.
Human rights issues were also a topic of discussion during Bukele's tenure. Although his crackdown on gangs has been credited with reducing violence, organizations such as Amnesty International have criticized his approach, calling it an “astonishing setback” in human rights protections and the potential for state violence to replace gang violence. is warning.
On the economic front, the Bukele administration has pioneered the introduction of Bitcoin (BTC).
El Salvador made headlines in 2021 as the first country to adopt Bitcoin as legal tender, a move that Boucle believes will attract investment and modernize the economy.
Mr. Bukele doubled down on this strategy despite skepticism from some international observers, including the International Monetary Foundation (IMF). His government has amassed a significant Bitcoin portfolio, with a reported value of $131 million and profits of $3.6 million as of early December last year.
To further solidify his vision for a digital economy, Bukele introduced the “Freedom Visa”. It aims to attract investors through residency and citizenship programs for those who wish to invest in Bitcoin and USDT. The initiative, along with plans for a Bitcoin-backed “volcano bond” to fund renewable energy Bitcoin mining, reflects ambitious plans to position El Salvador as a leader in crypto innovation.
Last week, Vice President Felix Ulloa reportedly reiterated the government's commitment to Bitcoin and ensured the continuity of Bukele's digital currency policy.
Meanwhile, observers like Vanek Strategic Advisor Gabor Gurvacs have optimistically compared El Salvador's potential transformation under the Boucle government to becoming the “Singapore of America,” predicting that in the coming years there will be a large number of inflows to El Salvador. The report emphasizes expectations that investment and immigration will increase.
