Although the planning and construction of entire metropolises are not foreign to human civilization, the news of Bitcoin City has travelled the world and marked a new era when it comes to the cities of the future.

President Nayib Bukele announced that El Salvador plans to build a Bitcoin City at the foot of the Conchagua volcano, and will use the cryptocurrency of the same name to finance this project.

What benefits does Bitcoin City provide?

This futuristic city will have residential and business premises, entertainment facilities, restaurants and an airport as well as all other characteristics of the world's metropolises. In the centre, there will be a square in the shape of a Bitcoin token, which will symbolically represent its significance.

Construction will begin in 2022, and El Salvador plans to raise about $1 billion through Bitcoin Bond in partnership with Blockstream, a digital asset infrastructure company.
Half of the funds will be used to buy Bitcoin, while the remaining $500 million will go to energy and infrastructure for mining this cryptocurrency.

What has aroused great interest is the way in which the mining problem has been treated. This is a demanding and expensive process of creating a new Bitcoin by solving cryptographic problems that consume a large amount of electricity.

Since this city will be built near the volcano, it will be possible to use its geothermal energy and thus significantly reduce the costs of the process.

At the presentation of this project, the President of El Salvador sent an unequivocal message to all investors around the world: "Invest here and make as much money as you want. This is a completely ecological city that works and is filled with volcanic energy. "

The number of investors in Bitcoin is growing day by day and this cryptocurrency is reaching its record value. Everything indicates that the future of living and investing is knocking on our door, and the possibilities for investing are numerous.