The Central American country of El Salvador is looking for new investments for the Bitcoin (BTC) city, which attracts crypto investors.
El Salvador President Nayib Bukele announced his project called Bitcoin City last year. Fully BTC-backed bonds will finance the city. Claiming that this will have significant effects on global cryptocurrency adoption, Bukele started looking for investors to structure the city.
Investors Can Come to El Salvador for Bitcoin City
El Salvador is one of the countries that support cryptocurrencies. Despite receiving intense support, Bukele, who was the target of criticism, started to make BTC reserves to the country’s treasury. At the same time, Bukele allowed the use of BTC in the country. Another of all these maximalist developments was Bitcoin City.
Although the city was announced last year, it has not been completed yet. Bukele had a hard time finding investors, especially with the effect of the crypto bear market. Although there were delays and tensions in the planning of the city, El Salvador did not give up.
El Salvador bureaucrat Héctor Enrique Celarié Landaverde, interviewed by Cointelegraph, spoke positively of Bitcoin City. Stating that progress has been made for the city, Landaverde expressed that they are looking for more investment in the development and completion of the city.
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