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This is Absolutely Insane...
Bitcoin City. El Salvador Bitcoin. Volcano Powered City.
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El Salvador spent about $200 million buying BTC at $52,000... 24 hours later the price fell to $43,000. President Bukele has since bought the dip purchasing 500 more BTC at an average price of just over 30 thousand.
They’re in deep...and down about 30%. This is big money in El Salvador.
Many want them to end this before it gets worse, but their goal is to be a futuristic, zero-emission, virtually tax-free Bitcoin paradise… Sounds perfect, right?
Basically a bunch of bros standing around showing each other NFTs while discussing the intrinsic value of their girlfriends. But I do have one question... How could the suffering Salvadoran economy fund such an ambitious project? 1 word.... Volcanoes.
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