Donald Trump’s potential victory in the upcoming U.S. presidential elections could positively impact the Salvadoran economy, according to an analysis published by Bloomberg. The digital platform indicates that the Republican politician’s win would unlock billions of dollars in funds for El Salvador, primarily from the International Monetary Fund (IMF).

Chris Preece, portfolio manager at Pictet Asset Management, asserted that Bitcoin would become a lesser issue for the IMF if Trump, now the official Republican candidate, secures a win in the forthcoming presidential elections. This is mainly because the United States is the largest shareholder in the IMF.
The publication highlights the consistent support that Salvadoran President Nayib Bukele has shown for Trump on various occasions, stating that the Salvadoran leader is “waiting for Trump’s return.”
Additionally, British bank Standard Chartered projected this year that if Trump wins the November elections, Bitcoin could also reach $150,000 by the end of the year.
Bloomberg noted that emerging market investors expect the U.S. dollar to “skyrocket” while the Mexican peso and Asian currencies are negatively affected by the actions Trump may take regarding immigration and trade.