El Salvadoran President Shows a Layout of Bitcoin City
The President of El Salvador, a country that actively buys Bitcoin, showed a mock-up of the future Bitcoin City.
The city is planned to be built near the small town of La Uniona. The construction of urban infrastructure will be financed through the sale of bitcoin bonds with an annual income of 6.5% and the possibility of preferential citizenship.
Their sale was announced back in November 2021. The country intends to attract 1 billion. Half of the amount will go to pay for the construction, and El Salvador will replenish bitcoin reserves for the rest.
The photo shows the city of gold. In its center is an image of a bitcoin, from which the streets diverge radially. Naib Bukele noted that the city itself will not be golden.
It's just a designer's fantasy. In reality, there will be many green and blue objects, which will be in harmony with the numerous parks and the sea surrounding the city.
For property and business owners in Bitcoin City, El Salvador will offer 0% capital gains as well as zero municipal taxes. Its energy system will run on volcanic energy. This means there will be 0% CO2 emissions.
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