El Salvador to inaugurate Bitcoin City backed by $1B Bitcoin bonds

El Salvador to inaugurate Bitcoin City backed by $1B Bitcoin bonds


El Salvador continues to lead the Bitcoin (BTC) adoption drive as President Nayib Bukele announces the launch of Bitcoin City, which will be funded initially by $1 billion Bitcoin bonds. 

The initiative was first announced by Bukele at El Salvador’s Bitcoin Week conference, which sought to celebrate Bitcoin’s mainstream adoption in the country and increase citizen participation.

“Pensé que teníamos que dar un anuncio grande en esta #BitcoinWeek. Así que hoy quiero anunciar que vamos a construir la primera #BitcoinCity“, Presidente @nayibukele. pic.twitter.com/7yHQLyIjBx

— Casa Presidencial (@PresidenciaSV) November 21, 2021

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In Bukele’s words:

“In #BitcoinCity we will have digital and technological education. Geothermal energy for the entire city and efficient and sustainable public transport”

The development of Bitcoin City will see the proactive involvement of prominent crypto companies including cryptocurrency exchange

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