Ahead of the upcoming "Historic Bitcoin" conference in San Salvador, the Bukele Administration announced today the purchase of over USD $50 million dollars:
El Salvador's Central Bank bought gold, alleging that "it is an strategic investment diversification". However, this purchase aligns with the IMF recommendation of moving away from crypto assets into something more stable, such as gold.
Currently, the National Bitcoin Office is slowing down its daily purchases. Not only that, it speculated that it is just the same Bitcoin moving around instead of buying more.
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