Uh, El Salvador, what’s going on with your bitcoin city?
In the many weird things that happen in the crypto world, from Bored Apes to slurp juices, and the Australian Open metaverse to The Knotverse, it’s tough to come up on top as the “weirdest” thing (though many may try, as we observe seemingly every day at this point).
This week’s weird bitcoin thing: El Salvador’s bitcoin city.
The city, which lacks a name, isn’t news, as we first heard of it back in November. What’s new about it is this concept model that has been built, with the city erected on the side of a volcano. It kind-of has Dr. Evil supervillain vibes, not aided by the guy with his hand outstretched like the baddy in a young adult movie.
If you didn’t know, bitcoin is legal tender in El Salvador and has been since September 2021. The El Presidente, Nayib Bukele, is known to love the crypto space, and often posts about it on his Twitter..
Just recently, around the same time of the above photos, in fact, El Presidente Bukele announced that El Salvador had “bought the dip”, buying 500 bitcoin at an average of $30,744.
El Salvador just bought the dip! 🇸🇻— Nayib Bukele (@nayibbukele) May 9, 2022
500 coins at an average USD price of ~$30,744 🥳#Bitcoin
This obviously ties into bitcoin’s recent slump.
Anyways, back to the bitcoin city, El Presidente Bukele was kind enough to share a few more shots. The model city features landmarks, an airport, and although it wont be gilded gold like the model indicates, the real bitcoin city is planned to be covered in trees. Maybe this is to make up for the environmental impact of mining cryptocurrencies.
Of course, the El Presidente’s thread went gangbusters on Twitter, garnering thousands of likes, retweets and replies.
In classic grift fashion, the replies are filled with people plugging their own crypto and NFT projects. There were also a fair amount of critics replying to the thread too, such as this bloke criticising the focus on bitcoin.
This is more important. Once it’s donde, it will bring money and rich people to the country and many other gorgeous projects that will make everyone living there have a better life— Teo Marqués (@BrandoObjective) May 10, 2022
What’s this, a bitcoin city for ants?
Anyway, as you were.