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Bitcoin City
El Salvador Dispatch: Searching for Bitcoin City, the Modern El Dorado
President Nayib Bukele vowed to build Bitcoin City on the Conchagua volcano. CoinDesk went looking for signs of construction.
Videos
Why El Salvador’s Dreams for a Crypto Utopia Are Now on Hold
A coin-shaped crypto utopia with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds—That’s what La Unión, a small region in southeastern El Salvador, will become if President Nayib Bukele’s ambitious plan comes to fruition. But after a stalled rollout of the country’s bitcoin bonds, some are skeptical of the plans.
Bitcoin City: El Salvador’s Dreams for Utopia on Hold
Locals interviewed by CoinDesk have mixed feelings about El Salvador’s multimillion dollar proposal financed by “bitcoin bonds.”
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