"Bukele has attracted many critics in the crypto community, but the President appears to have caught the eye of a number of figures with promises of coming “volcano bonds,” so named because the city will be built at the foot of a volcano producing geothermal power for bitcoin miners."
"50% of the bond fee to be “used for infrastructure and bitcoin mining powered by geothermal energy.”
"the mainstream media remains hostile to Bukele and bitcoin. El Diario de Hoy reported that “six months since BTC” adoption, “zero benefits” have befallen the Salvadoran public. Indeed, the newspaper remarked that Bukele and his government had actually “lost over USD 16m” worth of public funds on BTC buys, pointing to falling crypto prices in the time following all of the government’s purchases."
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