This Day in Bitcoin: Historical Prices, News, & Major Events in Bitcoin
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Bitcoin Prices & Events on November 22nd, 2021
On November 22nd 2021, a significant event in the Bitcoin world was when El Salvador announced plans to build the world's first "Bitcoin City." President Nayib Bukele made this announcement at the end of the country's Bitcoin conference. The city, located in La Unión, is planned to be powered by geothermal energy from volcanoes. Notably, it will not impose income tax; instead, revenues will be raised through VAT. The construction of this innovative city is set to be funded through a Bitcoin bond.
