Maya Parbhoe, a Presidential Candidate in Suriname, Cites El Salvador\'s Pro-Bitcoin President Nayib Bukele as Her Inspiration to Run for Office

Parbhoe was inspired by the Bitcoin-friendly policies of President Bukele. Bitcoin Magazine reported on Tuesday. She emphasized how swiftly investment

Suriname presidential candidate Maya Parbhoe is drawing inspiration from El Salvador’s pro-Bitcoin BTC/USD president, Nayib Bukele, to run for office.

Parbhoe, a staunch advocate of Bitcoin and a serial entrepreneur, plans to replace the inflationary Surinamese Dollar with Bitcoin once elected to power.

“El Salvador had a billion in investment in the first year (after it made Bitcoin legal tender), just from the Bitcoin industry,” Parbhoe said. “Imagine what effect that can have on a $3.8 billion GDP. It’s almost a quarter of our GDP.”

What Happened: Parbhoe was inspired by the Bitcoin-friendly policies of President Bukele, Bitcoin Magazine reported on Tuesday. She highlighted how quickly investment poured into El Salvador under Bukele’s leadership and what that level of investment could do for a country like Suriname.

Parbhoe is a presidential candidate in Suriname, a country in South America. She is running on a platform of pro-Bitcoin policies, hoping to follow in the footsteps of El Salvador’s president, Nayib Bukele.

Parbhoe believes that Bitcoin can help to solve many of Suriname's economic problems. She said, “Bitcoin is one of the best tools that we have to give power back to the people.”

Suriname is currently facing high inflation and a stagnant economy. Parbhoe believes that adopting Bitcoin could help to attract new investment and boost economic growth.

A graduate in business economics and tourism from the Anton de Kom University of Suriname, Parbhoe is also the founder and CEO of several companies, including Parbode Enterprises and Maya’s Gold Jewelry.

She is also a member of the Libertarian Party of Suriname and the Surinamese Chamber of Commerce and Industry.

Parbhoe's candidacy is significant because it could lead to Suriname becoming the second country in the world to adopt Bitcoin as a legal tender. If elected, Parbhoe would also be the first female president of Suriname.

See Also: Donald Trump’s Reported $33M Crypto Portfolio Peak Is Now Down to $8M. How Much Did He Lose In The Past Month?

Why It Matters: El Salvador's adoption of Bitcoin has been a major development in the cryptocurrency world. The country became the first to adopt Bitcoin as legal tender and even launched a platform to make information on its treasury holdings accessible and transparent to the public.

In June, just two weeks into his second term, Bukele proposed the establishment of a Bitcoin bank. The aim of the bank is to attract large Bitcoin investments that could dramatically increase El Salvador's GDP and improve its credit rating to investment grade within 24 months.

As of last report, El Salvador has 5,806.76 Bitcoins in its custody, valued at $337.5 million.

Price Action: Bitcoin was trading at $58,133.24, up 1.78% in the last 24 hours, according to data from Benzinga Pro.

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