There are governments quietly buying bitcoin

While many analysts have focused on central banks increasing their gold purchases, what's happening more quietly is the growing interest in bitcoin. Industry experts say that several countries are accumulating this type of digital asset.
People who put their fingers on the money printing press are buying gold
Gareth Soloway, chief market strategist at VerifiedInvesting.com, said central banks are buying gold at near-record levels, causing the price of the metal to continuously increase.
“People who put their fingers on the money printing press are buying gold. That's one of the reasons why I've been bullish on gold prices for the past 6 - 12 months and that trend hasn't abated yet,” Soloway told Kitco News.
“[Central banks] know what will happen. When the economy declines, they will have to print more money. That will create inflation. And they want to back it up with assets like gold, silver, rare earths and eventually bitcoin,” Soloway said.
Gary Cadone, founder and CEO of financial management firm Cardone Digital Ventures, believes that bitcoin plays an increasingly larger role as one of the asset diversifiers for countries. According to this expert, central banks may, in fact, have secretly purchased bitcoin as a reserve asset.
“This year, we will see announcements that countries will not only put bitcoin on their balance sheets, but they will continue to buy it like they buy gold. They are looking at price charts like the one I saw... This could be a game changer,” Cadone said.
According to this expert, Türkiye is likely to be the country that buys bitcoin.
There are governments quietly buying bitcoin
The prediction was made after "whistleblower" Edward Snowden suggested that this year, there may be information that a government is secretly buying bitcoin without prior notice.
Bitcoin's strong recovery shows that El Salvador's risk with the cryptocurrency is starting to pay off in a significant way.
After becoming the first country to accept bitcoin as official property, El Salvador earned $85 million from the bitcoin it bought more than two years ago, according to portfolio tracking website Nayib Bukele. . That profit is based on the all-time high price of $72,000 on March 11. Bitcoin then set a new record with over 73,700 USD.
El Salvador President Nayib Bukele joked on social network X that he was still waiting for the mainstream press to recognize the profits his country made from bitcoin. The country holds 2,381 bitcoins with an average price of $44,292.
According to Cadone, the reason gold and bitcoin both set records last week is because investors are in a fake market, based on monopoly.
“I think we're going to war. If you look at the charts, they look like war charts to me. We are in a fake market. We must admit that this is a fake market, a monopoly market. You might say we're not issuing money to the world, but we're actually issuing large amounts of money. We are producing fiat money,” he said.
His expert believes that war means more money is printed. “We are at war. It's happening in at least 4 countries that I know of. This is a Ponzi scheme. We're just moving on the chessboard. That's why gold, silver and bitcoin are increasing in price," he said.
According to Kitco News