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El Salvador’s President Nayib Bukele continues to enjoy widespread support, despite his limited power Bitcoin The history of the country among citizens.
Key points:
- Bukele has an approval rating of 91.9%, driven mainly by high security and low crime rates.
- The adoption of Bitcoin among citizens is still low even though it is a legal currency.
- El Salvador continues to hoard Bitcoin despite negotiations with the International Monetary Fund.
showed A new study published by the El Salvador newspaper La Prensa Grafica reported that 91.9% of the participants approved of Bukele’s actions in office.
Of the 1,200 people polled, 62.8% said they strongly approved of the president, while only 1.8% strongly disapproved. Bukele scoffed at the numbers on the X platform, saying: “So now it’s 1.8%?”
The decrease in crime strengthens Bukele’s support despite the Bitcoin experiment
These results suggest that the popularity of leadership is largely driven by domestic politics rather than… Digital currency.
According to the survey, improving safety was ranked first as the main reason for many people to help.
Since assuming office in 2019, Bukele has launched an anti-terrorist campaign and opened the Center for Terrorism Detention (CECOT), a large prison designed to house suspects.
The number of murders has decreased significantly compared to previous years, which the people of the region consider one of the biggest achievements of the government.
In contrast, President Bitcoin’s work seems to have little value in public opinion. Only 2.2% of respondents described Bitcoin as the biggest failure of Bukele’s six-year presidency, and digital currencies were not mentioned in the survey.
This weak response indicates a broader trend: Although the country made history in 2021 by adopting Bitcoin as legal and wants businesses to accept it wherever possible, its daily use has not been limited.
Bukele himself acknowledged this difference Interviews held with him in 2024 and Time magazine, said that the project was not enough to take in the many children that the government officials had originally hoped for.
The policy has also drawn criticism from international lenders, particularly the International Monetary Fund, which has repeatedly warned of economic and financial risks.
Despite these concerns, El Salvador has not stopped collecting Bitcoin.
Government officials say the country is moving on Buy Bitcoin One day from 2022, a strategy that Bukele has publicly promised to maintain. Computer trackers linked to the National Bitcoin Office show that the country’s reserves are still growing.
I recently arrived in San Salvador A monetary union with the International Monetary Fund It included the return of other methods related to digital currency, but management They indicated that the purchase of government reserves It will continue.
The International Monetary Fund is putting pressure on El Salvador as the Chivo trade approaches
The International Monetary Fund said in December last year that His ongoing negotiations are with El Salvador Bitcoin policy focuses on improving transparency, protecting public funds and reducing financial risk.
As part of the talks, officials are discussing whether to sell or close the state-owned Chivo wallet, which has faced complaints of corruption, data theft and technical problems since its inception.
Officials have already indicated the possibility of shutting down the program as digital wallets continue to operate in the country.
El Salvador received a loan of $ 1.4 billion from the International Monetary Fund in 2024 after the controversy surrounding the introduction of Bitcoin. The Fund’s latest report shows better-than-expected economic performance, expecting real GDP growth of around 4% this year and positive prospects for the future.
A note The approval record of Bukele in El Salvador stands at 91.9% despite the weak Bitcoin implementation appeared for the first time Cryptonews Arabic.
