El Salvador wants to build a Bitcoin city at the base of a volcano

After changing its national currency to Bitcoin and enforcing mandatory acceptance at businesses in September, El Salvador is looking to up the ante by building a “Bitcoin City” at the base of Conchagua volcano in the country’s eastern La Union region.

Announced by President Nayib Bukele on November 20 as part of a weeklong promotional event for Bitcoin, construction on the totally circular (as in, shape-wise) city is expected to begin in 2022. Bukele…