So… El Salvador just found 3 trillion dollars worth of gold and Nayib Bukele is saying they’re going to dilute the hell out of the gold market while insinuating that they’ll spend the money on buying Bitcoin. Not sure this passes the sniff test, but if true it could propel Bitcoin into the millions easily…
https://x.com/nayibbukele/status/1866245123786326271If it is true (and it still remains to be seen), Bukele could use part of that $3T gold to secure the $1.3B loan he needs so badly, rather than bending over backwards to please the IMF by modifying the law that makes bitcoin legal tender.
El Salvador to Change Bitcoin Payment Law for $1.3 Billion IMF Loan