El Salvador buy $50M gold while e still dey accumulate Bitcoin every day
El Salvador Central Reserve Bank (BCR) don buy 9,298 troy ounces of gold (≈$50 million), make their gold stash reach 67,403 ounces (≈$360 million). BCR talk say the purchase go strengthen long-term international reserves and keep reserve mix balanced; dem no set any future target. President Nayib Bukele boost the announcement as government still dey accumulate Bitcoin on-chain. Arkham Intelligence on-chain data and other sources show say El Salvador dey buy about one BTC per day, bring holdings to round 7,547–7,546 BTC (≈$618–$619.5 million at recent prices). These moves dey happen as other central banks and institutions shift into bullion and safe havens — global central banks add serious gold in 2025 — and gold don get strong year-to-date rally. Market react include short-term pullbacks for both gold and Bitcoin from recent intraday highs. For traders: the dual accumulation of gold and BTC mean say government-backed demand for Bitcoin fit continue and give underlying support, while the gold buy show reserve diversification amid safe-haven flows. Primary keywords: El Salvador gold purchase, Bitcoin accumulation, central bank reserves. Secondary/semantic keywords: on-chain buys, bullion reserves, international reserves, Bukele.
Bullish
Net effect for BTC mild bullish. El Salvador dey buy one BTC every day steady and predictable, so e reduce available supply and show say government dey endorse Bitcoin as reserve asset. That constant on-chain accumulation fit provide floor support and reduce downside volatility during normal market churn. Short-term impact fit dey muted by wider market moves and occasional intraday pullbacks — traders still fit see volatility around macro events or when dem dey take profit. Medium to long term, sustained government buys plus public signaling (presidential reposts) fit boost investor confidence and attract more demand, supporting price appreciation. But the scale of purchases (a few thousand BTC over time) small compared to total market cap, so direction positive but magnitude limited. Gold buys matter for macro risk sentiment and reserve diversification but no direct effect on BTC price; they fit however signal a hedging strategy that moderates the government’s net risk posture, slightly reducing chance of sudden policy-driven BTC sell-offs.