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El Salvador may utilize its $3 trillion gold reserves to boost Bitcoin holdings

Bolstering Bitcoin Holdings: El Salvador’s President Bukele envisions using gold reserves to increase Bitcoin investments. This strategy, inspired by Michael Saylor, could transform the country’s monetary policy and strengthen its economic recovery.

Challenges Ahead: Despite potential gains, legal barriers and environmental issues around gold mining exist. However, with political will, Bukele could amend regulations to facilitate responsible gold extraction, enhancing Bitcoin’s role.

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