In a recent update from CNF regarding the transformation of El Salvador’s economy through Bitcoin’s official adoption, investment boom, and advancements in crypto legislation, a significant development has emerged from the preliminary count of the 2024 presidential election results. Nayib Bukele’s Nuevas Ideas party is leading with a substantial margin.

The Supreme Electoral Tribunal (TSE), El Salvador’s electoral authority, has released official data showing that, as of February 5th at 5:30 am UTC, with 31.5% of the votes counted, the New Ideas party has amassed over 1.1 million votes, indicating a strong preference for Bukele’s party among the electorate. This early lead suggests a robust support base for Bukele, potentially paving the way for a decisive win.

Furthermore, in an X post, Bukele proclaimed victory before any official results were announced. He said internal party data shows he had won the election with more than 85% of the votes and at least 58 of 60 deputies in the Legislative Assembly of El Salvador.

In my tweet, I highlighted the historic moment: History in the making! El Salvador’s forward-thinking President Nayib Bukele wins re-election, leading the way in the world of cryptocurrency as the first nation to embrace Bitcoin as legal tender in 2021!

The positive exit polls showing an 87% approval rating for Bukele seem to have had a favorable impact on Bitcoin’s market value. The cryptocurrency has seen a modest increase of 0.24% in the last 24 hours and a total of 2.08% over the past week, with its price reaching $43,148.

This election not only signifies a political victory for Bukele but also reinforces the growing acceptance and influence of cryptocurrency in global politics and economics, as reflected in the positive trend in Bitcoin prices following the exit polls.