Post
Topic
Board Bitcoin Discussion
Merits 3 from 3 users
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
JayJuanGee
on 21/09/2022, 03:35:13 UTC
⭐ Merited by TopT3ns (1) ,wmaurik (1) ,trendcoin (1)
This might have a impact on El Salvador because,  President Bukele says he will seek re-election.

As per report, it's constitution doesn't allow the current President for reelection, but it seems Bukele wanted to run after his term in 2024. I think it will be critical for bitcoin as well, because if the next President suddenly make a U-turn on the country's stance on Bitcoin and vetoed, then maybe we will see the country no longer synonymous with bitcoin's adoption. Or if he is allow to run and then win again, obviously, it might continue to grow in the next 4-6 years in El Salvador alone.

Your link does not work, and my understanding is that the "constitution" is not unambiguous on the point of running again.. so there are ways that the constitution can be interpreted to allow running again, even if historically none of the prior presidents read it that way..

In other words.. saying the "constitution does not allow" sounds like a spin on the topic.

But yeah of course, the topic seems to be relevant to this thread since Bukele is a pro-bitcoin leader, so many bitcoiners are going to consider it to be an advantage to NOT have the uncertainties regarding a transition in the administration - with the presumption that Bukele has pretty decent chances of winning if he were to run again (and if the matter seems to be settled that he is allowed to run again)..

We might have to look more closely at the actual constitutional language if members here are presenting issues as if they were absolutes.. when clearly, Bukele would not be running if there were not some kind of loop hole that he (and his administration) considers to be sufficiently legitimate to allow him to run again.

Are we going to need to look at the language of the constitution and get into the issue? or just accept that "Bukele is breaking the law blah blah blah"