El Salvador Discovers $3 Trillion Gold — Will It All Go Into Bitcoin?
El Salvador’s potential $3 trillion gold discovery has sparked debates over mining bans, sustainability, and the possibility of increased bitcoin investments, potentially reshaping the nation’s future.
El Salvador’s $3T Gold Discovery Sparks Calls to Monetize Gold for Bitcoin
Salvadoran President Nayib Bukele has highlighted the potential of El Salvador’s untapped gold reserves, estimating their value to reach over $3 trillion if fully explored. Posting on social media platform X last week, Bukele underscored how responsible mining could revolutionize the nation’s economy.
He envisions the proceeds funding critical projects, including job creation, infrastructure improvements, and overall economic advancement. Bukele has proposed repealing the country’s 2017 ban on metallic mining, describing the restriction as a barrier to leveraging the country’s vast natural wealth.