A country known for its progressive stance on digital assets is poised to further expand its cryptocurrency-based economic sector. El Salvador is poised to proceed with its Bitcoin City project following the next presidential vote. The re-election is expected to happen on Saturday and is the anticipated result. The nation is poised to start the construction of a city that will be tax-exempt, focusing on the digital currency sector. Additionally, El Salvador plans to introduce Bitcoin-backed bonds following the upcoming elections scheduled for Saturday. It is anticipated that Nayib Bukele, the sitting president and a supporter of Bitcoin, will be successful in the elections, according to CNN. Read More: An advisor on Bitcoin for El Salvador predicts a 98% drop in Ripple’s value, plunging it to $0.01. Since rising to the position of president, Nayib Bukele has brought about significant changes to the economy of El Salvador. Truly, his high regard for Bitcoin has placed the digital currency at the heart of his vision for its fiscal importance.