El Salvador approves indefinite reelection and strengthens Bitcoin project
- Reforms allow Bukele to be re-elected indefinitely
- El Salvador strengthens Bitcoin-based economic agenda
- Presidential term now lasts six years
On July 31, El Salvador's parliament approved a series of constitutional reforms that profoundly reshape the country's political structure. With 57 votes in favor, the changes allow for indefinite presidential reelection, extend terms from five to six years, and eliminate the requirement for runoff elections.
#Plenary66 | Backed by 57 firms, the representative @anamag_figueroa I propose to modify articles 75, 80, 133, 152 and 154 of the Constitution, regarding the following points:
✅ Approve the presidential election to the modality of the rest of popular election positions
With… pic.twitter.com/SeAYR4emZN
– Legislative Assembly 🇸🇻 (@AsambleaSV) July 31, 2025
The new rules also bring forward the end of President Nayib Bukele's current term from June 2029 to June 2027, synchronizing the presidential and legislative elections. This move opens the door for Bukele to run for office again two years earlier than planned.
Proponents of the measure argue that the package will bring institutional stability, save on electoral costs, and increase its attractiveness to international investors. The official statement also highlights the intention to "stabilize electoral periods" and reduce the constant political polarization.
Bukele was reelected in 2024, despite previous constitutional restrictions. The approval of the new rules reinforces his political dominance and creates the conditions for a continuation of the Bitcoin-centric economic policy, which has been adopted as one of the government's strategic pillars since 2021.
Under his leadership, El Salvador became the first country in the world to adopt Bitcoin as its official currency. The administration created BTC reserves, implemented the cryptocurrency in public services, and encouraged its use in trade and tax payments.
Stacy Herbert, head of the government's Bitcoin Office, commented that the reforms ensure continuity with the national plan: "The days of chaos, violence, and despair are gone forever. El Salvador will remain on the path to greatness."
🇸🇻EL SALVADOR'S FUTURE IS NOW SECURE!
El Salvador has experienced one of the greatest transformations in history: from failed state into a global symbol of hope in just six years.
Visitors from across the globe have flocked to El Salvador to witness this miracle for… https://t.co/3JH3WdIXdi
— Stacy Herbert 🇸🇻🚀 (@stacyherbert) August 1, 2025
Max Keiser, senior advisor on Bitcoin policy, was even more emphatic, stating: "El Salvador's governance model follows Bitcoin. It's not a 'Democracy,' it's Bitcoin Country." For him, the country is becoming a "startup nation," projecting Bukele as a hybrid figure between JFK and Steve Jobs.
The newly approved political configuration deepens the alignment between the Salvadoran government and its economic sovereignty project anchored in Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How much CPO demand will Nvidia Rubin Ultra generate? Bernstein: Optical value per Pod will increase fivefold
Bernstein believes that the co-packaged optics (CPO) and fiber demand driven by Nvidia's Rubin Ultra architecture will surge significantly, with the optical content per Pod rising from $1 million to $5.4 million. This will propel the size of Nvidia's optical ecosystem market to $46.8 billion by 2028 (a 91% annual increase). Although the industry faces supply bottlenecks with InP substrates, the outlook remains positive. The institution reiterates its “outperform” rating for Lumentum, Coherent, and Ciena.

UBS Q3 implements a two-way strategy with gold options, heavily invests in technology stocks, and builds positions in SK Hynix (SKHY.US)
UBS Group (UBS.US) has submitted its Q3 holdings report (13F) as of September 30, 2026.

SpaceX (SPCX.US) reportedly attempts “de-Nvidiaization” at the rack level: developing Kessel cabinets to bypass L6 compute boards, purchasing only chips
SemiAnalysis: SpaceX has developed its own Kessel cabinet, bypassing Nvidia's L6 cards to provide more options for manufacturing its own hardware.

$3.7 billion “data center power equipment prepayments” abandoned! What did "the most active buyer of gas turbines", SoftBank, see?
In the second quarter of fiscal year 2026, SoftBank reported a net loss of $7.1 billion, primarily due to a $3.7 billion impairment charge from a $9.5 billion advance payment for power generation equipment for US data centers—of which about $2.9 billion was non-refundable and effectively lost. The CFO admitted that SoftBank placed orders before the project plan was finalized, and is now conducting a comprehensive review of its procurement strategy. "The most aggressive purchaser of gas turbines has now written off the deposit in this way."
