I know that all fans of cryptocurrencies are interested in how El Salvador is progressing under the management of Nayib Bukele. We have an extensive report with a presentation of Bitcoin City…

As reported by the ZeroHedge portal, last Saturday, November 20, at the bitcoin conference in El Zonte, El Salvador, entitled ‘Feel the Bit’, the President of El Salvador, Nayib Bukele, presented the plan for the construction of the first Bitcoin City in the World. Can he be trusted? He has already provided funds for the construction of a pet hospital with his bitcoin policy, which will be built with dollars saved thanks to the creation of a bitcoin fund!

Everything that Bukele has promised so far on his Twitter account regarding the development of the country on bitcoin, has gone BETTER than promised. That is why now everyone is looking forward to the consequences of his announcement on the cryptocurrency market:

On the third week of November, a bitcoin conference was held in El Zonte, where President Bukele spoke, presenting the idea of a Bitcoin City that should emerge on the slopes of the Conchagua volcano, whose geothermal energy is used for bitcoin mining. A city that should be a beacon of hope, New Alexandria freed from the centralized hierarchical political matrix imposed by the financial plutocracy.

Our Max Keiser and Stacy Herbert from the @keiserreport account attended this event and brought this report:

And El Salvador’s ambassador to Washington, Milena Mayorga, expects other countries to follow El Salvador’s example. Honduras and Guatemala are currently studying the introduction of fraudulent digital currencies of central banks, which will not succeed, just as Maduro’s Petro did not succeed in Venezuela. Paraguay is trying to regulate the ownership and registration of cryptocurrencies as well as their mining. All these attempts are just groping in the dark, learning through mistakes until they feel the real thing and finally doing the same thing that Bukele did.

For the latest news from El Salvador, you don't have to wait for the news on this blog – you can follow President Nayib Bukele himself on his Twitter account:

And of course, follow the only relevant money ratio – the one between gold and bitcoin: