El Salvador’s President Nayib Bukele Sworn in for Second Term
El Salvador’s crypto-friendly President Nayib Bukele, 42, is set to govern for another five years taking near-total control of parliament.
President Bukele took the oath of office at the National Palace in San Salvador this weekend. During the ceremony, he received the presidential blue and white sash from Ernesto Castro, the President of the Legislative Assembly. The whole ceremony was broadcast live and many Salvadorans gathered to cheer for the President.
Over the years, the young President has shown support for crypto and it has been revealed that El Salvador has much more Bitcoin than previous estimates when President Bukele posted on X that the country has moved over 5,000 bitcoins worth over $400 million into a cold wallet.
Oficialmente, @nayibbukele es el Presidente de la República de El Salvador para el periodo 2024 – 2029.#InvestiduraPresidencial pic.twitter.com/idcypyt2Jf
— Casa Presidencial
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