According to exit polls , El Salvador’s Bitcoin-friendly President Nayib Bukele is set to win another five-year-term, as shown by his overwhelming lead after the voting on Sunday night.

The results were widely expected, as Bukele who has been president since 2019 enjoyed great popularity and was leading in the pre-election polls by a wide margin.

Bukele tweeted: “Accordingly to our numbers we have won with more than 85% of the votes, and a minimum 58 out of 60 deputies at the Assembly.”

BTC Price Index and Live Chart – CoinDesk”>(BTC).

El Salvador was the first country to adopt bitcoin as legal tender in 2021. It also developed and launched a crypto wallet called Chivo, and began purchasing the asset for investment. was criticized by international organizations like the International Monetary Foundation.

Read more: The Year 2021, Bitcoin became Salvadoran

After receiving regulatory approval from December, the country plans to issue “Volcano Bonds” that are backed by bitcoin. This would fund an industry of BTC mining powered exclusively by renewable energy.

Stephen Alpher edited the book.