El Salvador's President Nayib Bukele has highlighted the potential of the country's untapped gold reserves, estimating their value to be over $3 trillion. He believes responsible mining could revolutionize the nation's economy and fund critical projects. However, critics express concerns about potential environmental degradation. El Salvador's status as the first country to adopt bitcoin as legal tender adds a cryptocurrency-focused dimension to the gold discovery. Some individuals, including bitcoin advocates, propose monetizing the gold reserves to invest in bitcoin, arguing that the cryptocurrency is a more valuable long-term asset than gold.
- Content Editor ( news.bitcoin.com )
- 2024-12-11
El Salvador Discovers $3 Trillion Gold — Will It All Go Into Bitcoin?