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El Salvador has moved again. The reports say that the central bank has purchased an additional $50 million worth of gold, but at the same time, they also bought one more Bitcoin. President Bukele is continuing his daily purchase of 1 BTC.
It is said that their holdings have now increased to 7,547 Bitcoins. At the current price, that amounts to a significant asset value. The gold holdings are also about 67,403 troy ounces, roughly equivalent to $360 million. In other words, they are increasing both at the same time.
Bukele commented that "they bought the bottom again," but it's interesting that he didn't specify whether he was talking about gold or Bitcoin. Since El Salvador continues this kind of movement, I'm curious about what will happen in the long term. How long will their Bitcoin strategy last?