# bitcoin-city

El Salvador can’t find resources to build a bitcoin city

The authorities of El Salvador, known for its special attitude toward the country’s flagship cryptocurrency, cannot find enough investment to build Bitcoin City. According to Hector Enrique Celarie Landaverde, Deputy Ambassador of El Salvador to the Netherlands, the country’s government adheres to the principle of primacy in investment issues — people who invested in Bitcoin City at the initial stage of its construction have a better chance of making a big profit. […]

El Salvador’s President Lost $ 37 Million on Cryptocurrency Investments

The value of the 2,301 bitcoins purchased by the Latin American country has dropped by $ 37 million from the initial price as the price of bitcoin fell to its lowest level since December 2020, Decrypt reports. According to data compiled by Bloomberg, President Nayib Buchele spent $ 103 million to buy the BTC after El Salvador made the cryptocurrency legal tender last year. Today, El Salvador’s […]

President of El Salvador shows a project of a city dedicated to bitcoin. Photo gallery

For the second day in a row, Naiyib Bukele continues to be the main newsmaker of the cryptocurrency world. This time, he showed the government’s plans for the future of the crypto city, which was first announced at the end of last year. Bitcoin city will be built in the shape of a huge hexagon, with parks and the necessary infrastructure around it. The demonstration model was painted in gold, […]