Bitcoin City in El Salvador

[TomPluz]

President Nayib Bukele announces plans for new crypto-focused city with eye on foreign investment.  In a rock concert-like atmosphere, El Salvador President Nayib Bukele announced that his government will build an oceanside “Bitcoin City” at the base of a volcano.

Bukele used a gathering of bitcoin BTCUSD, -2.50% enthusiasts Saturday night to launch his latest idea, much as he used a an earlier bitcoin conference in Miami to announce in a video message that El Salvador would be the first country to make the cryptocurrency legal tender,

A bond offering would happen in 2022 entirely in bitcoin, Bukele said, wearing his signature backwards baseball cap. And 60 days after financing was ready, construction would begin.

Source: HERE!

This man really knows how to spot on opportunities presented to him by the Bitcoin and cryptocurrency industry. With this Bitcoin City, businesses both local and abroad can easily set shop and conquer the global market, brining in employment opportunities and revenues for this small country. This is an example of a small nation which is thinking big. Soon, there will be big exchanges that could be operating right in El Salvador and many miners too.