The President of El Salvador has pledged to build a new city, Bitcoin City. It will be built near Fonseca Bay. The city will be powered by a geothermal station built near the volcano. But this is not even the main thing. Residents of Bitcoin City will not pay taxes on income, property and capital gains. The only tax is 10% VAT, it will remain. These plans will make Bitcoin City the financial center of the world - at least that's what the president believes. #crypto #cryptocurrency