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Biden is isolated at home as Obama, Pelosi and other Democrats push for him to reconsider 2024 race

Biden is isolated at home as Obama, Pelosi and other Democrats push for him to reconsider 2024 race
Former US House Speaker Nancy Pelosi, left, and former US President Barack Obama are reportedly making a critical push for President Joe Biden to reconsider his election bid. (AP, AFP)
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Updated 19 July 2024

Biden is isolated at home as Obama, Pelosi and other Democrats push for him to reconsider 2024 race

Biden is isolated at home as Obama, Pelosi and other Democrats push for him to reconsider 2024 race
  • Obama has conveyed to allies that Biden needs to consider the viability of his campaign, while Pelosi presented polling to Biden that she argued shows he likely can’t defeat Trump
  • In Congress, Democratic lawmakers have begun having private conversations about lining up behind Vice President Kamala Harris as an alternative

WASHINGTON: Democrats at the highest levels are making a critical push for President Joe Biden to rethink his election bid, with former President Barack Obama expressing concerns to allies and Speaker Emerita Nancy Pelosi privately telling Biden the party could lose the ability to seize control of the House if he doesn’t step away from the 2024 race.
Biden’s orbit, already small before his debate fumbling, has grown even smaller in recent days. Isolated as he battles a COVID infection at home in Delaware, the president is relying on a few longtime aides as he weighs whether to bow to the mounting pressure to drop out.
The Biden For President campaign is calling an all-staff meeting for Friday. It’s heading into a critical weekend for the party as Republican Donald Trump wraps up a heady Republican National Convention in Milwaukee and Democrats, racing time, consider the extraordinary possibility of Biden stepping aside for a new presidential nominee before their own convention next month in Chicago.
As anxiety and information swirled, Biden’s closest friend in Congress and his campaign co-chair, Sen. Chris Coons of Delaware, told The Associated Press: “President Biden deserves the respect to have important family conversations with members of the caucus and colleagues in the House and Senate and Democratic leadership. and not be battling leaks and press statements.”
Campaign officials said Biden was even more committed to staying in the race even as the calls for him to go mounted. But there was also time to reconsider. He has been told the campaign is having trouble raising money, and some Democrats see an opportunity as he is away from the campaign for a few days to encourage his exit.
Biden tested positive for COVID-19 while traveling in Las Vegas and is experiencing “mild symptoms” including “general malaise” from the infection, the White House said.
The president himself, in a radio interview taped just before he tested positive, dismissed the idea it was too late for him to recover politically, telling Univision’s Luis Sandoval that many people don’t focus on the November election until September.
“All the talk about who’s leading and where and how, is kind of, you know — everything so far between Trump and me has been basically even,” he said in an excerpt of the interview released Thursday.
But in Congress, Democratic lawmakers have begun having private conversations about lining up behind Vice President Kamala Harris as an alternative. One lawmaker said Biden’s own advisers are unable to reach a unanimous recommendation about what he should do. More in Congress are considering joining the nearly two dozen who have called for Biden to drop out.
“It’s clear the issue won’t go away,” said Vermont Sen. Peter Welch, the sole Senate Democrat who has publicly said Biden should exit the race. Welch said the current state of party angst – with lawmakers panicking and donors revolting – was “not sustainable.”
Obama has conveyed to allies that Biden needs to consider the viability of his campaign but has also made clear that the decision is one Biden needs to make. The former president has taken calls in recent days from members of congressional leadership, Democratic governors and key donors to discuss their concerns about his former vice president.
Pelosi also presented polling to Biden that she argued shows he likely can’t defeat Republican Trump — though the former speaker countered Thursday in a sharp statement that the “feeding frenzy” from anonymous sources “misrepresents any conversations” she may have had with the president.
This story is based in part on reporting from more than half a dozen people who insisted on anonymity to discuss sensitive private deliberations. The Washington Post first reported on Obama’s involvement.
Biden said Monday he hadn’t spoken to Obama in a couple of weeks.
Pressed about reports that Biden might be softening to the idea of leaving the race, his deputy campaign manager Quentin Fulks said Thursday: “He is not wavering on anything.”
However, influential Democrats atop the party apparatus, including congressional leadership headed by Senate Majority Leader Chuck Schumer and House Democratic Leader Hakeem Jeffries, are sending signals of strong concern.
Using mountains of data showing Biden’s standing could seriously damage the ranks of Democrats in Congress, frank conversations in public and private and now the president’s own few days of isolation, many Democrats see an opportunity to encourage a reassessment.
Over the past week, Schumer and Jeffries, both of New York, have spoken privately to the president, candidly laying out the concerns of Democrats on Capitol Hill. Control of the House and Senate is at stake, and leaders are keenly aware that a Republican sweep in November could launch Trump’s agenda for years to come.
Separately, the chair of the Democratic Congressional Campaign Committee, Rep. Suzan DelBene of Washington, spoke with the president last week armed with fresh data. The campaign chief specifically aired the concerns of front-line Democrats seeking election to the House.
Major political donors, particularly in Pelosi’s California, have been putting heavy pressure on the president’s campaign and members of Congress, according to one Democratic strategist. Schumer has told donors and others to bring their concerns directly to the White House.
Prominent California Rep. Adam Schiff, a close ally of Pelosi, called for Biden to drop his reelection bid, saying Wednesday he believes it’s time to “pass the torch.” And Rep. Jamie Raskin of Maryland used a baseball metaphor to suggest in a recent letter to Biden, “There is no shame in taking a well-deserved bow to the overflowing appreciation of the crowd.”
To be sure, many want Biden to stay in the race. And the Democratic National Committee is pushing ahead with plans for a virtual vote to formally make Biden its nominee in the first week of August, ahead of the Democratic National Convention, which begins Aug. 19.
Rep. James Clyburn, a senior Democrat who has been a key Biden ally, wrapped up several days of campaigning for Biden in Nevada and said: “Joe Biden has the knowledge. He’s demonstrated that time and time again.” He warned against those who he said “have an agenda.”
But among Democrats nationwide, nearly two-thirds say Biden should step aside and let his party nominate a different candidate, according to an AP-NORC Center for Public Affairs Research poll. That sharply undercuts Biden’s post-debate claim that “average Democrats” are still with him even if some “big names” are turning on him.
The Biden campaign pointed to what it called “extensive support” for his reelection from members of Congress in key swing states, as well as from the Congressional Black and Hispanic caucuses.
Other Democrats in Congress have shown less support, including when Biden’s top aides visited Democratic senators last week in a private lunch. When Sen. John Fetterman of Pennsylvania asked for a show of hands on who was with the president, only his own and a few others including top Biden ally Coons of Delaware went up, according to one of the people granted anonymity to discuss the matter.


Dutch ruling coalition narrowly survives fallout of Ajax-Maccabi Tel Aviv football violence

Dutch ruling coalition narrowly survives fallout of Ajax-Maccabi Tel Aviv football violence
Updated 26 sec ago

Dutch ruling coalition narrowly survives fallout of Ajax-Maccabi Tel Aviv football violence

Dutch ruling coalition narrowly survives fallout of Ajax-Maccabi Tel Aviv football violence
  • Coalition faced threat of collapse as Deputy Finance Minister Nora Achahbar resigned on Friday from the cabinet, prompting fears that other members of NSC party would follow suit
  • Achahbar, who is of Moroccan descent, claimed racist statements were made as the Cabinet discussed political fallout of last week’s Ajax-Maccabi Tel Aviv football violence

THE HAGUE: Dutch Prime Minister Dick Schoof’s right-wing government averted a crisis Friday when a junior minister resigned over alleged racist comments by cabinet colleagues, but the coalition government will remain in place.
Deputy Finance Minister Nora Achahbar handed in her resignation late Friday, as the Netherlands grapples with the political fallout of last week’s attacks on Israeli football fans.
Her departure prompted speculation that other members of NSC party — a junior partner in the four-party Dutch coalition government — would follow suit.
But late Friday, Schoof told journalists at a press conference that party leaders decided to continue to work together, averting the potential fall of his not yet five-month-old government.
“Nora Achahbar has decided not to continue as Deputy Minister,” the premier said.
“But as the cabinet we decided to continue together,” Schoof said after a five-hour emergency meeting with his coalition partners at his official residence in The Hague.

Deputy Finance Minister Nora Achahbar resigned from the Dutch Cabinet on Friday, claming racist statements were made in a heated meeting. (X: @walterdewit)

Achahbar, who is of Moroccan descent, decided to exit the government after a heated cabinet meeting discussing last week’s violence on the streets of Amsterdam after a football match between local club Ajax and Maccabi Tel Aviv.
“The polarizing interactions of the past weeks made such an impact on me that I am no longer able to effectively carry out my duties as deputy minister,” Achahbar said in her resignation letter to parliament on Friday.
The junior minister’s resignation came “unexpectedly and impacted me and other cabinet members,” Prime Minister Schoof said, adding “there has never been any racism in my government or in the coalition parties.”

The Dutch government officially announced Achahbar’s resignation in a statement late Friday.
“The King, on the recommendation of the Prime Minister, granted this resignation in the most honorable manner,” the government statement said.
On Monday, during the cabinet meeting to discuss the attacks, “things reportedly got heated, and in Achahbar’s opinion racist statements were made,” the NOS public broadcaster said.
“Achahbar reportedly indicated then that she, as a minister, had objections to certain language used by her colleagues,” NOS added.
Coalition party leaders gathered in The Hague for an emergency session on Friday evening to discuss the current crisis, with NSC acting leader Nicolien van Vroonhoven saying beforehand “we will see” if her party wanted to continue in the government coalition.
Far-right leader Geert Wilders’s Freedom Party won the most seats in Dutch elections a year ago, but the coalition it formed would lose its majority if the NSC pulled out of the government.
The ruling coalition led by Schoof has 88 seats in parliament between the NSC, the Freedom Party (PVV), the Liberal VVD and farmer-friendly BBB party.

The political turbulence was set in motion after Maccabi fans were chased and beaten on November 7 in attacks that Schoof said were prompted by “unadulterated anti-Semitism.”
Far-right leader Wilders said during a debate on Wednesday that the perpetrators of the violence were “all Muslims” and “for the most part Moroccans.”
He called for the attackers to be prosecuted “for terrorism.”
Dutch authorities however also reported that Maccabi fans set fire to a Palestinian flag before the match, chanted anti-Arab slurs and vandalized a taxi.
Police launched a massive probe into the incident which Dutch Justice Minister David van Weel said was “racing ahead,” although much still remained unclear about the night’s events.
The violence struck amid heightened tensions and polarization in Europe following a rise in anti-Semitic, anti-Israeli and Islamophobic attacks since the start of the war in Gaza.
But the Dutch government late Thursday said it needed “more time” to flesh out a strategy to fight anti-Semitism.
 


Argentina orders 61 Brazilians arrested over 2023 Brasilia coup attempt

Argentina orders 61 Brazilians arrested over 2023 Brasilia coup attempt
Updated 54 min 44 sec ago

Argentina orders 61 Brazilians arrested over 2023 Brasilia coup attempt

Argentina orders 61 Brazilians arrested over 2023 Brasilia coup attempt
  • Brazil’s Supreme Court has requested Argentina to round up the Brazilian nationals in Argentina, who are subject to an extradition request and have been sentenced to prison term

BUENOS AIRES: Argentina’s justice system has ordered the arrest of 61 Brazilians in the country who are facing prison sentences at home related to last year’s coup attempt in Brasilia, a judicial source told AFP on Friday.
The order, issued by Judge Daniel Rafecas, was requested by Brazil’s Supreme Court to round up the Brazilian nationals in Argentina, who are subject to an extradition request and have been sentenced to prison terms, the source said.
Brazilian police have arrested hundreds of suspects in the January 2023 attack by thousands of supporters of former far-right leader Jair Bolsonaro on the country’s presidential palace, Congress and the Supreme Court.
Claiming electoral fraud, they demanded the intervention of the armed forces to depose newly elected left-wing President Luiz Inacio Lula da Silva.
Brazil announced on June 10 that it had requested Argentina’s help in locating more than 140 fugitives linked to the assault.
“Two people have already been arrested,” the judicial source said Friday.
“Wherever they are identified or located in Argentina, they will be arrested and turned over to judicial authorities to begin the extradition process.”
In October, Argentina amended its refugee law so that people accused or convicted of crimes in their native countries would no longer be eligible.
 


Trump’s pick for defense chief had been flagged by fellow service member as possible ‘Insider Threat’

Trump’s pick for defense chief had been flagged by fellow service member as possible ‘Insider Threat’
Updated 16 November 2024

Trump’s pick for defense chief had been flagged by fellow service member as possible ‘Insider Threat’

Trump’s pick for defense chief had been flagged by fellow service member as possible ‘Insider Threat’
  • Pete Hegseth was flagged as a possible “Insider Threat” by a fellow service member due to a tattoo associated with white supremacist groups
  • He’s also shown support for members of the military accused of war crimes and criticized the military’s justice system

WASHINGTON: Pete Hegseth, the Army National Guard veteran and Fox News host nominated by Donald Trump to lead the Department of Defense, was flagged as a possible “Insider Threat” by a fellow service member due to a tattoo on his bicep that’s associated with white supremacist groups.
Hegseth, who has downplayed the role of military members and veterans in the Jan. 6, 2021, attack and railed against the Pentagon’s subsequent efforts to address extremism in the ranks, has said he was pulled by his District of Columbia National Guard unit from guarding Joe Biden’s January 2021 inauguration. He’s said he was unfairly identified as an extremist due to a cross tattoo on his chest.
This week, however, a fellow Guard member who was the unit’s security manager and on an anti-terrorism team at the time, shared with The Associated Press an email he sent to the unit’s leadership flagging a different tattoo reading “Deus Vult” that’s been used by white supremacists, concerned it was an indication of an “Insider Threat.”
If Hegseth assumes office, it would mean that someone who has said it’s a sham that extremism is a problem in the military would oversee a sprawling department whose leadership reacted with alarm when people in tactical gear stormed up the US Capitol steps on Jan. 6 in military-style stack formation. He’s also shown support for members of the military accused of war crimes and criticized the military’s justice system.
Hegseth and the Trump transition team did not respond to emails seeking comment.

Pete Hegseth attends FOX News All American New Year at Wildhorse Saloon on December 31, 2021 in Nashville, Tennessee. (Getty Images / AFP)

As the AP reported in an investigation published last month, more than 480 people with a military background were accused of ideologically driven extremist crimes from 2017 through 2023, including the more than 230 arrested in connection with the Jan. 6 insurrection, according to data collected and analyzed by the National Consortium for the Study of Terrorism and Responses to Terrorism, or START, at the University of Maryland. Though those numbers reflect a small fraction of those who have served honorably in the military — and Lloyd Austin, the current defense secretary, has said that extremism is not widespread in the US military — AP’s investigation found that plots involving people with military backgrounds were more likely to involve mass casualties.
‘People who love our country’
Since Jan. 6, Hegseth, like many Trump supporters, has minimized both the riot’s seriousness and the role of people with military training. Amid the widespread condemnation the day after the assault, Hegseth took a different approach. On a panel on Fox News, Hegseth portrayed the crowd as patriots, saying they “love freedom” and were “people who love our country” who had “been re-awoken to the reality of what the left has done” to their country.
Of the 14 people convicted in the Capitol attack of seditious conspiracy, the most serious charge resulting from Jan. 6, eight previously served in the military. While the majority of those with military backgrounds arrested after Jan. 6 were no longer serving, more than 20 were in the military at the time of the attack, according to START.
Hegseth wrote in his book “The War on Warriors,” published earlier this year, that just “a few” or “a handful” of active-duty soldiers and reservists had been at the Capitol that day. He did not address the hundreds of military veterans who were arrested and charged.
Hegseth has argued the Pentagon overreacted by taking steps to address extremism, and has taken leadership to task for the military’s efforts to remove people it deemed white supremacists and violent extremists from the ranks. Hegseth has written that the problem is “fake” and “manufactured” and characterized it as “peddling the lie of racism in the military.” He said efforts to root extremism out had pushed “rank-and-file patriots out of their formations.”
“America is less safe, and our generals simply do not care about the oath that they swore to uphold. The generals are too busy assessing how domestic ‘extremists’ wearing Carhartt jackets will usurp our ‘democracy’ with gate barriers or flagpoles,” he wrote in “The War on Warriors.”
In a segment on Fox News last year about Jacob Chansley, a Navy veteran known as the “QAnon Shaman” who walked through the Capitol while wearing a horned fur hat, Hegseth played a misleading video clip from his then-colleague Tucker Carlson that sought to portray Chansley as a passive sightseer.
In fact, Chansley was among the first rioters to enter the building and pleaded guilty to a felony charge of obstructing an official proceeding in 2021. Chansley acknowledged using a bullhorn to rile up the mob, offering thanks in a prayer while in the Senate chamber for having the chance to get rid of traitors and writing a threatening note to Vice President Mike Pence saying, “It’s Only A Matter of Time. Justice Is Coming!”
In a message on Facebook Hegseth posted with an excerpt of the video, he wrote the way Chansley had been treated by the justice system “is disgusting.”
“Trump, Chansley, and many more... the Left wants us all locked up,” Hegseth wrote.
Support for convicted war criminals
Hegseth served for almost 20 years and deployed to Iraq, Afghanistan and Guantanamo Bay. He has two Bronze Stars. In speaking about his service and advocating for other service members and veterans, he has taken actions to support convicted war criminals and recently said he had told his platoon they could ignore directives limiting when they can shoot.
In a podcast interview released earlier this month, Hegseth described getting a briefing from a military lawyer in 2005 in Baghdad on the rules of engagement. Hegseth said the lawyer told them they could not shoot someone carrying a rocket-propelled grenade unless it was pointed at them.
“I remember walking out of that briefing, pulling my platoon together and being like, ‘Guys we’re not doing that. You know, like if you see an enemy and they, you know, engage before he’s able to point his weapon at you and shoot, we’re going to have your back,’” Hegseth said.
“All they do is take one incident and yell ‘war criminal,’” he said, referring to The New York Times, the left and Democrats, adding, “Why wouldn’t we back these guys up even if they weren’t perfect?”
He said he was proud of his role in securing pardons from Trump in 2019 for a former US Army commando set to stand trial in the killing of a suspected Afghan bomb-maker, as well as a former Army lieutenant convicted of murder for ordering his men to fire upon three Afghans, killing two. At Hegseth’s urging, Trump also ordered a promotion for Eddie Gallagher, a Navy SEAL convicted of posing with a dead Islamic State captive in Iraq.
Biden’s inauguration
Hegseth has complained that he himself was labeled an extremist by the D.C. National Guard and said he was prevented from serving during Biden’s inauguration, a few weeks after the Jan. 6 Capitol attack, because of a cross tattoo on his chest. He said he decided to end his military service shortly after that in disgust.
But a fellow Guard member who was working as a security officer ahead of the inauguration gave AP an email he sent that showed him raising concerns about a different tattoo.
Retired Master Sgt. DeRicko Gaither, who was serving as the D.C. Army National Guard’s physical security manager and on its anti-terrorism force protection team in January 2021, told the AP that he received an email from a former D.C. Guard member that included a screenshot of a social media post that included two photos showing several of Hegseth’s tattoos.
Gaither told AP he researched the tattoos — including one of a Jerusalem Cross and the context of the words “Deus Vult,” Latin for “God wills it,” on his bicep — and determined they had sufficient connection to extremist groups to elevate the email to his commanding officers.
Several of Hegseth’s tattoos are associated with an expression of religious faith, according to Heidi Beirich of the Global Project Against Hate and Extremism, but they have also been adopted by some far right groups and violent extremists. Their meaning depends on context, she said.
Some extremists invoke their association with the Christian crusades to express anti-Muslim sentiment. The Global Project Against Hate and Extremism notes that in 2023 the words were in the notebooks of the Allen, Texas, shooter Mauricio Garcia. Anders Breivik, a right-wing extremist who killed 77 people in 2011, had similar markings in his manifesto.
In an email Gaither sent on Jan. 14, 2021, which he provided to the AP, he raised concerns about Hegseth, a major at the time, and mentioned only the “Deus Vult” tattoo. In the email addressed to then-Maj. Gen. William Walker, who was commanding general of the D.C. National Guard, Gauther raised concern that the phrase was associated with white supremacists who invoke the idea of a white Christian medieval past as well as the Christian crusades.
“MG Walker, Sir, with the information provided this falls along the line of Insider Threat and this is what we as members of the US Army, District of Columbia National Guard and the Anti-Terrorism/Force Protection Team strive to prevent,” Gaither wrote.
“I said, ‘you guys need to take a look at this,’” Gaither said in a phone interview with the AP on Thursday. “I later received an email that he was told to stay away.”
Biden’s inauguration took place just two weeks after the insurrection, and the Army was taking no chances. More than 25,000 Guard members were pouring into the city and each was going through additional vetting, depending on how close they were going to be to Biden.
A total of 12 National Guard members were told to stay home, former Pentagon press secretary Jonathan Hoffman told reporters in a briefing a day before the inauguration. At least two were flagged due to potential extremism concerns; the rest were due to other background check issues that were identified as concerning by either the Army, FBI or Secret Service. It was not clear whether Hegseth was among the 12 Hoffman referenced at the time.
Hegseth has also speculated in podcast interviews that he was asked to stand down because of his political views, his role as a journalist covering Jan. 6 or because he works for Fox News.
 


Lame-duck Biden tries to reassure allies as Trump looms

Lame-duck Biden tries to reassure allies as Trump looms
Updated 16 November 2024

Lame-duck Biden tries to reassure allies as Trump looms

Lame-duck Biden tries to reassure allies as Trump looms
  • In a trilateral meeting with the leaders of Japan and South Korea in Lima, Biden expresses hope that his internationalist approach would survive Trump and that the Japan-South Korea alliance is "built to last"

LIMA, Peru: Joe Biden cut a diminished figure on one of his last outings on the world stage Friday, as he admitted that the times are changing with Donald Trump’s impending return to power.
The 81-year-old lame-duck US president attempted to use a summit in Lima to shore up ties with key Asia-Pacific allies before the potential wrecking ball of a second Trump term.
But Biden couldn’t help but strike a valedictory tone after his final meetings with many counterparts who are looking over his shoulder at the Republican’s looming comeback.
“We’ve now reached a moment of significant political change,” a wistful-sounding Biden said as he met the leaders of Japan and South Korea in the Peruvian capital.
“This is likely to be my last trilateral meeting with this important group, but I am proud to have helped be one of the parts of building this partnership.”
Biden insisted, however, that his internationalist approach would survive Trump, saying of the Japan-South Korea alliance: “I think it’s built to last. That’s my hope and expectation.”
A senior US official insisted afterwards that “as a matter of fact, the president-elect’s name did not come up” with Japanese Prime Minister Shigeru Ishiba and South Korean President Yoon Suk Yeol.
But that may have been a matter of politeness rather than politics.
Biden prided himself as the man who was able to say “America’s back” after Trump upturned old alliances in his first term and reached out to foreign autocrats like Russia’s Vladimir Putin and North Korea’s Kim Jong Un.
Now, it is Trump who is back.
And on what is likely to be his final major foreign swing, including a trip to the G20 in Brazil next week, Biden has been overshadowed by the man who will take office on January 20.

The outgoing president has even seen himself outshone by Chinese President Xi Jinping.
Summit host Peru rolled out the red carpet for Xi for a state visit that included the inauguration of the first Chinese-funded first megaport in South America, a sign of Beijing’s increasingly successful battle with Washington for influence.
Peru’s President Dina Boluarte greeted Xi at the Government Palace in Lima, where a brass band welcomed him and soldiers stood at attention in full ceremonial blue and red dress with plumed helmets and flags.
The welcome for Biden was far more muted, with two short lines of soldiers at the airport.
Biden was then kept waiting on Thursday for the start of the summit by other leaders, US officials said.
After he walked in, he extended a hand to the leaders of Thailand and Vietnam, between whom he was sitting, and sat down, his spotlight diminished.
Old friends Justin Trudeau of Canada and Anthony Albanese of Australia later joined him for a selfie, but there was no throng to meet the leader of the world’s top superpower and most powerful military.
Biden is now due to have his last ever one-on-one meeting as president with Xi on Saturday, in what officials say is a bid to build on a historic tension-easing encounter a year ago.
Yet that too will take place in the shadow of Trump and the prospect of fresh tensions and a trade war.
As his political star fades, Biden joked that even First Lady Jill Biden was ready to get rid of him.
Pointing to the head of US space agency NASA during a meeting with Peru’s president, Biden quipped: “Every time my wife thinks I’m getting out of hand, she says ‘I’m going to call him and have him send you to space.’“
 


In El Salvador, crypto investors cheer Trump-powered Bitcoin rally

In El Salvador, crypto investors cheer Trump-powered Bitcoin rally
Updated 16 November 2024

In El Salvador, crypto investors cheer Trump-powered Bitcoin rally

In El Salvador, crypto investors cheer Trump-powered Bitcoin rally
  • Three years ago, President Nayib Bukele made El Salvador the first country in the world to establish Bitcoin as legal tender
NUEVO CUSCATLAN, El Salvador: Bitcoin enthusiasts meeting in El Salvador on Friday said a recent surge in the cryptocurrency’s value since Donald Trump’s US election win has heightened their expectations the price will rise further and it will be adopted more broadly globally.
Dozens of domestic and foreign ‘bitcoiners’ met at the Adopting Bitcoin conference just outside the Salvadoran capital, with the Central American country hyping its status as a hub for the promotion of digital currency trading.
Three years ago, President Nayib Bukele made El Salvador the first country in the world to establish Bitcoin as legal tender, alongside the US dollar. The decision drew criticism from the International Monetary Fund, with whom the country is negotiating a $1.3 billion loan.
Bitcoin, which was trading above $90,000 on Friday, rallied to an all-time high after Trump secured his new term in office, set to begin in January. Investors see the incoming president as a cryptocurrency champion who will slash regulations.
“Trump understands what it’s like to be a capitalist, he’s going to get out of the way and remove regulations that are not necessary,” said Charlie Stevens, a 27-year-old Irishman who has lived in El Salvador for a year and a half.
“Bitcoin is growing very, very fast, in front of the eyes of the whole world. And the whole world has its eyes on El Salvador,” he added.
Bukele’s office did not immediately respond to a request for comment.
The world’s biggest cryptocurrency has had a heady if volatile rise, trading at around $8,000 five years ago, and starting this year at around $42,000.
In January, Vice President Felix Ulloa told Reuters that El Salvador would remain committed to the digital currency, despite scarce use of Bitcoin among Salvadorans and some technical issues.