After two years of waiting and without signs of any kind, the first inhabitant of the Bitcoin City of El Salvador, Corbin Keegan, decided to return to his native country, the United States, although he says it is a “momentary” departure.
Keegan, who had been living in a house he built himself on land near where the metropolis was planned to be built, left for the United States to join his family.
The bitcoiner arrived at that site in 2021, attracted by Nayib Bukele’s project, for a state-of-the-art, tax-free city, which promotes the development of an economy 100% based on bitcoin (BTC).
However, since the city has not been built, he dedicated himself to other activities to survive. Among them, fishing and construction, which guarantee him about USD 20 a day. Yes indeed, use bitcoin as a means of paymenttaking advantage of the fact that in El Salvador it is legal tender and its acceptance in the premises is mandatory.
Keegan, before living in the house he built on land in La Unión, lived in El Zonte, the headquarters of Bitcoin Beach, where he assured that there is a “great culture about BTC.” But Bukele’s announcement about the bitcoiner city It led him to make the decision to go to that place.
Bitcoin City is one of President Nayib Bukele’s projects that have not come to fruition. Despite its announcement in 2021 and the fact that the city is already included in the investment plans of tourism companies, there are no earthworks to give life to that city.
This is because the Bitcoin Bonds, the investment vehicles that the Bukele government will launch at some point, have not been issued. to finance the construction of Bitcoin City.
As established in Bukele’s plans, the also called Volcano Bonds will allow the collection of USD 1,000 million that would be used, in part, for the construction of the bitcoiner metropolis, as well as to promote other projects related to the Bitcoin policy promoted by the Central American president.
Although the jurisprudence required to issue these bonds already exists in El Salvador, these financial products add to the list of promises that Bukele failed to fulfill in his first term. It is estimated that now, in his second term, he will advance these projects, including the long-awaited Bitcoin City.
This, remembering that another series of tokenized bonds similar to the Volcán Bonds have already been issued from El Salvador, which are sponsored by the Bukele government, as reported by CriptoNoticias.
Thus, while no details are known about the launch of the Bitcoin City project, Corbin Keegan decided to return to his homeland. Where she lived, only the owner of the land, Mrs. María Antonio, and her pet, a dog named Terry, remained.
The owner of the place assured that Corbin plans to return to El Salvador at the end of this year. This is reminiscent of what the bitcoiner told CriptoNoticias in April, when he revealed plans to visit El Zonte, travel to Sonsonate and then take a business trip to Chicago “to buy more bitcoin.”
All this, demonstrating that their dreams of living in a bitcoiner city, without taxes and adapted to their needs, remain latent.
