El Salvador's recent purchase of gold does not mean the country is abandoning Bitcoin; it still holds over 7,500 Bitcoins. This move highlights its strategic diversification: Bitcoin is seen as a long-term sovereign exploration, while gold serves as a stable reserve to reassure creditors and global markets. This trend first appeared in some small countries, reflecting a general loss of confidence in traditional financial intermediaries, thereby driving funds toward assets settled outside complex systems.
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El Salvador's recent purchase of gold does not mean the country is abandoning Bitcoin; it still holds over 7,500 Bitcoins. This move highlights its strategic diversification: Bitcoin is seen as a long-term sovereign exploration, while gold serves as a stable reserve to reassure creditors and global markets. This trend first appeared in some small countries, reflecting a general loss of confidence in traditional financial intermediaries, thereby driving funds toward assets settled outside complex systems.