El Salvador Town Tires of Waiting for Bukele, Will Build ‘Real Bitcoin City’
An El Salvador town has grown tired of waiting for President Nayib Bukele to build Bitcoin City – and will instead build its own “Bitcoin City” project “a few kilometers away.”
Residents of Berlin, a town in the Usulután Department, say they want to build the “real Bitcoin City,” instead of waiting for government efforts to materialize.
Bukele’s Bitcoin City project will be a tax-free haven for international bitcoiners, whose economy will be built around Bitcoin (BTC).
The city is planned to be built around 90km away in Conchagua, La Unión.
But while work has already begun on an airport project that will serve Bitcoin City, the actual city-building project is yet to begin.
Global Bitcoin prices have slumped since Bukele first announced his plans, and a highly vaunted BTC bond issuance that will fund construction is still yet to take place.
One American bitcoiner has moved to Conchagua in anticipation of Bukele’s new city, but others appear keen to launch their own independent initiatives.
The community behind Berlin’s initiative is named Bitcoin Berlin, Criptonoticias reported.
And its masterminds say the town “seeks to follow in the footsteps of El Zonte’s Bitcoin Beach.”
El Zonte’s own BTC adoption example proved so successful that it eventually inspired Bukele to adopt BTC as legal tender in 2021.
Berlin’s fast-growing community of bitcoiners, some of whom hail from overseas, says it wants to “establish an economy without fiat money,” where the economy is entirely based on peer-to-peer financial transactions.
Unlike El Zonte, the media outlet wrote, Berlin “does not have beaches for surfing.”
Conchagua, by contrast, is another surfing hotspot.
Surfing Bitcoin-keen tourists were among the first people to introduce the El Zonte
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