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El Salvador’s Pro-Bitcoin President Registers for Re-election in 2024

today 10/30/2023
El Salvador's President Nayib Bukele has officially registered for re-election in the next year's polls, despite critics arguing that it goes against the country's constitution. Bukele and his running mate Vice President Ulloa registered as candidates for their party just before the deadline. Bukele's decision comes after expressing his intentions last year, receiving public support for revitalizing the country's economy and ensuring security. However, critics claim that he lacks constitutional backing for another term. The nation's Supreme Court ruled in favor of a second term for the President, but opposition parties and activist groups raised concerns over the decision, calling the upcoming election a "farce." Bukele gained popularity for his pro-Bitcoin stance, which has led to the country becoming bullish on the cryptocurrency and implementing legislation to support the industry. Despite the controversy surrounding Bukele's re-election bid, polls show that his party, Nueva Ideas, has significant support due to his efforts in combating violent gangs.
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