🗣El Salvador Secures $1.6 Billion Investment to Propel Bitcoin City Development

El Salvador is set to receive a $1.62 billion investment from Turkish company Yilport to revamp two key seaports, including the future location of the ambitious Bitcoin City. This investment, the largest private one in the nation’s history, follows President Nayib Bukele’s 2022 visit to Turkey. The project is expected to create thousands of jobs and significantly boost local infrastructure.

Bitcoin City, first announced in 2021, is envisioned as a tax-free haven powered by Bitcoin mining, leveraging the country’s volcanic energy. With this new investment, the dream of a Bitcoin-powered city is moving closer to reality.