El Salvador Boosts Gold Reserves with $50 Million Purchase Amid Bitcoin Strategy

BitcoincomNews · 2026-01-30T12:15:16+00:00

El Salvador has purchased $50 million in gold amid high prices, signaling a return to traditional reserves alongside its ongoing Bitcoin strategy, as the crypto market experiences significant losses.

BitcoincomNews

2026-01-30 12:15:16

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El Salvador has quietly joined the growing list of nations increasing their exposure to gold, announcing a $50 million purchase through its central bank. The acquisition comes at a time when gold prices remain near record highs, driven by persistent macroeconomic uncertainty, geopolitical risks, and weakening confidence in traditional financial systems. For El Salvador, the move marks a notable shift back toward a traditional reserve asset while continuing its parallel strategy of accumulating Bitcoin. In the meantime, Bitcoin falls to under $82,000, and $1.75 billion is liquidated from the crypto market in the past 24 hours.

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