(Cortesía Bitcoin Lake) Guatemala City — ‘ Bitcoin Lake ’ (Lago Bitcoin) is a project in Guatemala that seeks to replicate the experience of El Zonte beach in neighboring El Salvador, a tourist destination that became a pioneer in accepting the cryptocurrency long before the country’s President Nayib Bukele created his Bitcoin Law.
Where is bitcoin lake located?
Patrick Melder, founder of the Bitcoin Lake project, spoke with Bloomberg Línea about the cryptocurrency’s incursion into Panajachel, a town located in the Guatemalan highlands on the shores of Lake Atitlán, in the country’s Sololá department. Panajachel, also known as ‘Pana’, is surrounded by the San Pedro, Tolimán and Atitlán volcanoes.
How much has bitcoin lost over the last month?
The bitcoin price has lost almost 20% over the last month, crashing back from its recent highs of over $70,000 per bitcoin as Federal Reserve chair Jerome Powell issues a "critical" warning.
