By DAVID BARRAZA
Associated Press
LA LIBERTAD, El Salvador (AP) - El Salvador's President Nayib Bukele says his government will build a "Bitcoin City" by the sea at the base of a volcano. The announcement came in an atmosphere similar to a rock concert at a gathering of Bitcoin enthusiasts on Saturday night. Bukele says that a bond offering in 2022 will be entirely in Bitcoin. And construction is supposed to begin 60 days after financing is ready. The city is supposed to be built near the Conchagua volcano to take advantage of geothermal energy production. This year, El Salvador became the first country to adopt Bitcoin as its legal currency, alongside the US dollar.
