Salvadoran Opposition Nominees Reject Bitcoin Strategy Ahead of 2027 Election

ARENA and FMLN candidates oppose Bukele's Bitcoin policy as fiscal failure. Government holds 7,730 BTC despite revoking legal tender status.

Woofun AI reports that El Salvador’s two primary opposition parties have finalized their presidential nominations for the February 2027 election. The Nationalist Republican Alliance selected former deputy Maytee Iraheta, while the Farabundo Martí National Liberation Front chose doctor Rafael Aguirre. Both nominees explicitly reject President Bukele’s Bitcoin strategy, labeling it a fiscal failure.

Despite opposition rhetoric, Bukele maintains a 94% approval rating, and his New Ideas party has secured its nomination. Following a $1.4 billion IMF loan agreement in February 2025, El Salvador revoked Bitcoin’s legal tender status, restoring the US dollar as the sole official currency. Nevertheless, the government continues acquiring approximately one Bitcoin daily, holding 7,730 BTC as of July 27.