El Salvador Opposition Parties Nominate Anti-Bitcoin Candidates for February 2027 Election; Bukele Maintains 94% Approval

According to BeInCrypto, El Salvador's two main opposition parties nominated presidential candidates on July 27 opposing President Nayib Bukele's Bitcoin strategy ahead of the February 2027 election. The National Republican Alliance (ARENA) nominated former lawmaker Maytee Iraheta, while the Farabundo Martí National Liberation Front (FMLN) selected doctor and union leader Rafael Aguirre, both calling Bukele's Bitcoin policy a fiscal failure.

Bukele's approval rating stands at 94%, with his New Ideas party already completing its nomination, giving him a strong re-election advantage. Despite El Salvador canceling Bitcoin's legal tender status in February 2025 following a $1.4 billion IMF loan agreement, the government continues its daily Bitcoin purchases, holding approximately 7,730 BTC as of July 27.