Nayib Bukele, known for his support of Bitcoin, has begun his second term as President of El Salvador on June 1st. The inauguration took place at the National Palace in San Salvador, attended by his family and a large gathering of supporters. Despite concerns about the economy, Bukele remains highly popular among the people. One of his notable policies includes making Bitcoin a legal form of currency.

During his first term, Bukele's administration took a strong stance against crime, leading to the detention of over 80,000 suspected gang members under a state of emergency declared in March 2022. His re-election in February saw him win with an overwhelming 85 percent of the vote. With significant control over parliament and state institutions, Bukele is set to govern for another five years.

Recently, Ark Invest CEO Cathie Wood met with Bukele and expressed admiration for his policies. Wood even suggested that Bukele's leadership has the potential to significantly boost El Salvador's GDP in the coming years, potentially by tenfold.

In conclusion, Nayib Bukele's re-election marks a continuation of his pro-Bitcoin agenda and strong governance in El Salvador. With widespread support and ambitious economic plans, his second term promises to be a period of significant development and innovation for the country.