El Salvador’s president Nayib Bukele has announced his government plans to build an oceanside „Bitcoin City” near a volcano. Bukele unveiled the plan during a gathering of bitcoin enthusiasts on Saturday night. El Salvador’s president Nayib Bukele has announced his government plans to build an oceanside „Bitcoin City” near a volcano. Bukele unveiled the plan during a gathering of bitcoin enthusiasts on Saturday night, In the same manner as Bukele used a Bitcoin conference in Miami to announce that El Salvador was to be the first country to make the cryptocurrency legal tender, Bukele announced that a bond offering would be conducted in Bitcoin only in 2022.A bond offering in 2022 would be done entirely in cryptocurrency, Bukele said, and construction would begin 60 days after financing was finished. Located near the Conchagua volcano in the Gulf of Fonseca, the city will be powered by geothermal energy to provide electricity as well as bitcoin mining, which requires complex mathemati
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