Bitcoin

Crypto bonds! Volcanoes! What we know about the first ‘Bitcoin City’

Crypto bros could soon have a new dream destination. At a conference on Saturday, the president of El Salvador unveiled plans to build the world’s first “Bitcoin City.” Dressed in all white and donning a backward baseball cap, President Nayib Bukele looked more like a pop star than a politician as he described an ecological metropolis funded by Bitcoin-backed bonds. He compared his strategy to that of Alexander the Great founding cities that he humbly named after himself: The idea behind it was that these Alexandrias be the beacons of hope for the rest of the world; that all of…

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