Nayib Bukele Says ‘We Bought The Other Dip’ As El Salvador Loads Up On Gold And Bitcoin
Posted On January 30, 2026
El Salvador bought dips in both Bitcoin (CRYPTO: BTC) and gold on Thursday, doubling down on its unique strategy of building reserves in both assets simultaneously.
El Salvador Stacks Up Yellow Metal
El Salvador’s Central Reserve Bank said it purchased 9,298 ounces of gold worth $50 million, boosting total reserves to 67,403 ounces valued at $360 million.
The Banco Central de Reserva said that the acquisition consolidates its “long-term equity” and helps maintain a “prudent balance” in the composition of its foreign reserves.
President Nayib Bukele cheered the purchase, writing, “We just bought this other dip.”
Bitcoin Buys Continue …
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