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Will Bitcoin be used by over 50% of businesses in El Salvador by end of 2024?
5
El Salvador•Nayib Bukele•Tucker Carlson•Joe Biden•Homeland Security Alejandro Mayorkas•Bukele•Bitcoin•Cathie Wood•Art Laffer•Unchained
Resolution / Starting Odds
Yes • 50%
No • 50%
Reports from El Salvador's government, international financial news
Story
El Salvador's President Bukele Sworn In for Second Term (2024-2029) Amid Bitcoin and AI Ambitions, GDP Tenfold Prediction
Jun 1, 2024, 04:19 PM
El Salvador's President Nayib Bukele has been sworn in for a second term, spanning from 2024 to 2029, marking a significant moment in the country's recent history. The inauguration ceremony saw attendance from notable figures including Donald Trump Jr. and Tucker Carlson. President Joe Biden announced a U.S. presidential delegation led by Secretary of Homeland Security Alejandro Mayorkas to attend the event. Bukele's administration has been recognized for its focus on Bitcoin and AI, with Cathie Wood predicting that these initiatives could increase El Salvador's GDP tenfold over the next five years. Bukele aims to transform El Salvador into a hub for Bitcoin and AI, offering tax incentives to attract these industries. The discussions on Bitcoin and new capital markets also involved Cathie Wood and Art Laffer, as highlighted at the Unchained event.
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Similar markets
Yes • 50%
No • 50%
BTC outperforms USD • 50%
USD outperforms BTC • 50%
Increase daily purchases • 33%
Maintain current purchase rate • 34%
Decrease daily purchases • 33%
Increase in daily purchase • 25%
Decrease in daily purchase • 25%
Policy remains unchanged • 25%
Daily purchase policy terminated • 25%
Below $400M • 25%
Between $400M and $500M • 25%
Between $500M and $600M • 25%
Above $600M • 25%
Less than $400 million • 33%
$400 million to $600 million • 34%
More than $600 million • 33%
Strengthen support • 25%
Maintain current stance • 25%
Reduce support • 25%
Revoke Bitcoin as legal tender • 25%