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Will El Salvador increase Bitcoin holdings using gold discovery by December 31, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official financial statements or announcements from El Salvador's government
Story
El Salvador Discovers $3 Trillion in Gold, 15 Times BRE-X Hoax, Eyes Mining Ban Repeal
Dec 9, 2024, 09:43 PM
El Salvador has announced the discovery of up to $3 trillion worth of unmined gold, according to President Nayib Bukele. The discovery has prompted Bukele to advocate for repealing the country’s mining ban to enable extraction operations. This announcement follows a significant milestone for Bukele's administration, as the country's Bitcoin investment policy reportedly resulted in over $300 million in unrealized gains. The discovery of gold, which is claimed to be 15 times the size of the infamous BRE-X hoax, raises questions about whether El Salvador will utilize the newfound wealth to bolster its Bitcoin holdings or pursue other financial strategies.
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Similar markets
Yes • 50%
No • 50%
Below 5,900 BTC • 25%
5,900 - 6,000 BTC • 25%
6,001 - 6,100 BTC • 25%
Above 6,100 BTC • 25%
0% - 9% • 25%
10% - 19% • 25%
20% - 29% • 25%
30% or more • 25%
Yes • 50%
No • 50%
Hold gold as reserves • 25%
Convert gold to Bitcoin • 25%
Sell gold on the international market • 25%
Other • 25%
