El Salvador’s “Bitcoin City” Is Destined to Fail
Never before has a city been built on such shaky ground…
Published in
7 min readNov 23, 2021
On November 20 — El Salvador’s President Nayib Bukele delivered a speech at a promotional Bitcoin event in the small coastal town of Mizata. He used this opportunity to officially announce that he would be building the world’s first ‘Bitcoin City’ in El Salvador.