The country of El Salvador is planning to build a Bitcoin City using geothermal energy to mine the cryptocurrency and power the infrastructure. The city will be located at the base of the Conchagua volcano which, until now, has never erupted. Since 2021, when the president of El Salvador Nayib Bukele announced the project, there hasn’t been a significant development. However, the president and the officials are confident in their vision to build the city.

El Salvador became the first nation in the world to accept Bitcoin as an official currency. Therefore, the Bitcoin City is the next significant step in the country’s investment in the controversial cryptocurrency.

Since El Salvador is looking to become an important Bitcoin manufacturer, they believe that this project is the key. Using the energy of the volcano nearby, the country will both power the city and mine Bitcoin.
As a nod to the cryptocurrency, the city will have the shape of a Bitcoin. Moreover, it will be a whole urban development in addition to its thematic purpose. The city will have its residential buildings, commercial areas, service industry, cultural and entertainment places bars, and an extensive ray of transportation options.

Nayib Bukele

Despite the initial promises, the project has met with severe criticisms and concerns. Many believe that El Salvador’s plan to build such a location from zero is not feasible on different accounts.

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