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Παρασκευή, 29 Μαρτίου, 2024

Nayib Bukele trades bitcoin naked. El Salvador is paying the price.

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When Bukele dreams, he dreams big. Back in November, when bitcoin was nearly twice its current value of about $36,000 a pop, Bukele announced a $1 billion “bitcoin bond” to build a new, tax-free city in the shadow of the Conchagua volcano. Powered by geothermal energy from the mountain, the circular, bitcoin-shaped urbanization would be blessed with modern towers, bars, restaurants, a railway and its own airport — presumably in part to accommodate the private jets of high-rolling crypto investors.

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