This has potential to be the wildest rig in history. El Salvador’s bitcoin-happy president, Nayib Bukele, announced that its Conchagua volcano, which emits geothermal energy, would soon power a bitcoin mine. A $1 billion “volcano bond” will fund the project. But that’s not all! The Bitcoin Volcano would anchor an entire Bitcoin City, and as Bukele described it, “Residential areas, commercial areas, services, museums, entertainment, bars, restaurants, airport, port, rail – everything devoted to Bitcoin.”
