Good to know they are moving ahead.
This is an ambitious project, with multiyear development and many stars have to align to see it completed.
I guess it is could potentially bigger project ever for El Salvador, so good to hear this is moving in the right direction.
Yes the Bitcoin city project is one of the biggest project for El Salvador and considering how small the country is, this project will have long term impact on the economy and the infrastructural development of El Salvador and the project will serve as the Bitcoin hubs or institutions that serve as the countrys crypto agency just like the central bank serve as central financial institutions.
Nayib Bukele concept and plan to build the world's first Bitcoin city is very interesting. The steps taken by Nayib Bukele are very bold, with funds from the issuance of $1 billion Bitcoin Bonds he wants to realize a dream that has never crossed the heads of other countries leaders.
I began to imagine if Nayib Bukele ambition to build a Bitcoin City would actually come true. El Salvador will be the first country to get revenue from cryptocurrency and make it easier for Bitcoin city residents to invest with the facilities provided.
Since the country generates electricity through the volcano there will be enough energy to power the
BTC city and also computers used for the mining, aside from the many other activities that will be carried out in the Bitcoin city mining is going to generate a lot of Bitcoin for the countries Bitcoin reserve because with over 30 volcanos in El Salvador electricity supply in the Bitcoin city is going to be stable and that will put El Salvador top of the list of countries generating Bitcoin hash rates.