El Salvador President now has a ’volcanic’ bitcoin mining plan

Jun 11, 2021 AlShorts Web Desk

El Salvador President Nayib Bukele has shared the country’s plans for bitcoin mining using volcanoes. The facility will mine bitcoin using power generated from volcanoes. The country is planning this facility so that it can attract crypto entrepreneurs and investors. Bukele said the country is one of the world’s few nations with no property tax and no capital gains tax for Bitcoin.