I think gold is probably better than commodities and maybe better than commodities, is something that's backed by a basket of things like bitcoin. And as wild as that may seem, other nations are doing it. You see, El Salvador has adopted, as a part, as a portion of their treasury, foreign currency reserve assets, bitcoin, gold, other assets that provide confidence to investors. when they're going down there, that when they transact, whether it be in the local currency or us dollars, which you can use down there or in crypto, that they've got some confidence that the economy is going to remain solid. (17:01–17:15)
CLAIM
Asserts that El Salvador has adopted bitcoin and gold as part of their treasury's foreign currency reserve assets.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
