Nayib Bukele may have just won another five years of presidency, but El Salvador’s Bitcoin experiment is going to need more than that.
El Salvador’s lofty ambition to lead the world in Bitcoin adoption may require more than the re-election of its Bitcoin-loving president Nayib Bukele, according to merchants and Bitcoin enthusiasts on the ground.
Bukele, who served as president between June 2019 and December 2023, was the driver behind making Bitcoin legal tender in El Salvador in September 2021. On Feb. 4, Bukele secured a landslide re-election victory, with preliminary results showing him winning 83% of the 70% votes currently counted.
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