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World

The madness of El Salvador’s Bitcoin city

14 May 2022

5:30 PM

14 May 2022

5:30 PM

A golden city on the coast of the tropical Pacific. A metal walkway suspended above a verdant volcano. And a glossy marina that looks like it belongs in Monte Carlo rather than a near failed-state besieged by some of the world’s most violent criminals.

The detailed gilded model released this week of ‘Bitcoin city’ – the first ever dedicated cryptocurrency trading hub, to be built on El Salvador’s western shore and powered by geothermal energy from a volcano – is nothing if not spectacular.

FSWfgCgXsAAzyEA.jpegA plan of Bitcoin city (photo: Bukele)

 

The grandiose project is the brainchild of the troubled Central American nation’s...

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