In this video, we will explain the topic of Bitcoin city – El Salvador in detail. We will discuss what the hype is around this Bitcoin city, why there is so much excitement around this, and will also try to clear some uncertainties surrounding it.
What is Bitcoin city?
The Bitcoin city is a city that will find its roots near the Colchagua volcano in El Salvador and will be funded by $1 billion bitcoin bond.
This bond will contain investment from bitcoin users right across the world who will have the right to invest in El Salvador’s bitcoin city.
How will the bond benefit its users?
After a gap of five years, El Salvador will start to sell some of its bitcoin bonds to pay dividends to its users every year.
What are Some of the Criticisms of Bitcoin city?
– Unregulated currency could attract criminal activities in the country.
– Risky investment due to the highly volatile nature of bitcoins
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