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El Salvador leader wants to build ‘Bitcoin City’ at the bottom of a volcano

El Salvador President Nayib Bukele has revealed plans to build an oceanside “Bitcoin City” at the base of a volcano.

resident Bukele used a gathering of Bitcoin enthusiasts to launch his latest idea, much as he used an earlier Bitcoin conference in Miami to announce in a video message that El Salvador would be the first country to make the cryptocurrency legal tender.

The city will be built near the Conchagua volcano to take advantage of geothermal energy to power both the city and Bitcoin mining – the energy-intensive…

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