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El Salvador to Create ‘Bitcoin City,’ Use $500M of Planned $1B Bond Offering to Buy More Crypto

El Salvador plans to build "Bitcoin City," an entire city based on bitcoin located along the Gulf of Fonseca near a volcano. President Nayib Bukele also said he plans on issuing a $1 billion “bitcoin bond,” a tokenized financial instrument developed by Blockstream on the Liquid Network. Of that amount, $500 million will be used to buy even more bitcoin. "The Hash" hosts discuss their takes on the latest move from El Salvador following its bitcoin adoption.