Screenshot from Euronews/Youtube video on Bitcoin City’s announcement. With true showmanship, President Nayib Bukele arrived on stage on November 20 to announce the creation of Bitcoin City in El Salvador as AC/DC music blared in the background with accompanying lights and firework displays. “It will have zero income tax forever, zero capital gains tax. Invest here and make all the money you want. We’re fine,” Bukele said. This announcement closed “Bitcoin Week,” a large Bitcoin conference that drew hundreds of foreign investors. The tax-free, “techy,” and ecological Bitcoin City — the first o…

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