Crypto millionaires have been queuing to visit El Salvador, the only country that has made Bitcoin legal tender thus far.
At the time, he said the country would issue BTC bonds to finance the development of the city, which will sit at the base of the Conchagua stratovolcano.
His plans for the city involve tapping geothermal energy from the stratovolcanic mountain and using it to mine BTC.
With such ambitious plans and promises, it is no wonder that crypto proponents are making their way to El Salvador.
For instance, Luis Diaz, the owner of a resort named El Espíritu de la Montaña , claims he has received offers that are three to five times more than the amount he paid for the land the resort occupies.
Jinia is a fintech writer based in Stockholm, Sweden.
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