After announcing the purchase of an additional 500 BTC for El Salvador’s balance sheet, the president released images of Bitcoin City.
El Salvador President Nayib Bukele released models showcasing Bitcoin City.
The models include a volcano overlook, featuring a bitcoin centerpiece within the city.
The previously announced Bitcoin Bonds are meant to fund the infrastructure for the city.
President of El Salvador Nayib Bukele released a model of Bitcoin City after announcing the bitcoin nation-state had bought the dip.
The first pictures released showcase a golden city with a Bitcoin centerpiece and a caption from Bukele stating “Bitcoin City is coming along beautifully.”
Bitcoin City is said to have 0% income, capital gains, property, payroll, and municipal taxes, as well as 0% CO2 emissions. The location is meant to be near La Unión, a small Salvadoran city.
Bukele followed up with another set of pictures detailing four landmarks to be scattered through the city, one of which looks to be a gigantic bitcoin. Bukele then clarified that Bitcoin City would not be golden. The color choice was simply a design decision from the architect but the actual city will host far more green and blue between the vast amount of trees and expansive sea surrounding the city.