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Latin Times
Latin Times
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Rocío Magnani

Nayib Bukele Reelected in El Salvador: Despite Low Adoption, Bitcoin Remains a Main Economic Focus

Nayib Bukele in El Salvador: Despite Low Adoption, Bitcoin remains a Main Economic Focus of the Reelected President (Credit: AFP)

Nayib Bukele, reelected as president of El Salvador on Sunday, plans to sustain and expand his Bitcoin policy during his second term despite the controversy surrounding its actual impact on the country's economy, given its very low adoption.

Despite being legal tender for over two and a half years now, 88% of Salvadorans said they never used Bitcoin during 2023, according to a survey conducted by the Institute of Public Opinion (Iudop) at the Central American University (UCA).

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