What are bitcoin citadels and why are they becoming more and more common?

Bitcoin has gained popularity in recent years, as it is one of the most highly valued cryptocurrencies on the market today. A recent trend is the emergence of Bitcoin citadels.

Various nerve centers have emerged to continue betting on the value of cryptocurrencies. However, it is necessary to remember that cryptocurrencies are highly volatile assets, and the bitcoin price It is no exception, as it can fluctuate, and in fact it fluctuates greatly, as has been observed since its release on the market.

But what is a Bitcoin citadel? It is a “digital fortification,” so to speak, in which specific territories are created so that communities of Bitcoin miners can create a circular economy, focused solely on the action of cryptocurrencies. These societies focus their activity on the exclusive use of cryptocurrencies as a method of transaction for everything.

Bitcoin citadels, the first step towards a digitalized economy

The Bitcoin citadel movement began in 2019 in the small coastal town of El Zonte, El Salvador. In recent years, this trend has spread to other territories such as Africa, the Philippines, Australia and several Latin American countries. The goal of these communities is to adopt cryptocurrencies – Bitcoin in this case – as the main source of income, which is why they do not have bank accounts or credit cards.

In this way, they base their life model on the use of bitcoin, without the intervention of the State or the central banks. Communities are thus created that generate employment, goods and services without the use of so-called fiat money, with the only economic activity being the aforementioned cryptocurrency. Among this type of citadels there are various models, such as those controlled by a CEO or those developed through a community and social plan.

However, more and more regions in Europe are adopting this model, proving that the commitment to Bitcoin is serious. The creation of the Bitcoin Federation of Circular Economies, which brings together some of the most solid projects with this purpose, is good proof of this.

Why invest in a Bitcoin citadel?

Entering the world of cryptocurrencies and adopting it as a way of life often generates certain mistrust. Despite the fact that it is an increasingly established payment method in society, the suspicion of a purely digital model is widespread throughout the world. For this reason, from the very citadel of Bitcoin Beach from Guatemala The reasons why one should trust in the adoption of cryptocurrency as the only possibility to carry out any type of economic activity are offered.

As they publish on their website, their community has shown great progress since its creation, basing their argument on four main aspects that drive them to grow:

• Protecting savings from constant inflation.
• It offers the possibility for each member or company of the citadel to have its own bank.
• Opportunity to create new businesses, grow with them and establish generational wealth outside the usual frameworks.
• A financial model based on accepting payments from any individual and any place at a very low cost.

From the Bitcoin Beach citadel, they believe that betting on cryptocurrency will bring them stability and prosperity, as well as guaranteeing the future of various generations that will be able to grow under the protection of an economy supported by bitcoin. The main assets of this particular community focus on the use of renewable energies to acquire more values ​​in bitcoin, generating a constant flow of growth.

For the moment, Bitcoin citadels are just a small refuge for a tiny part of the world economy. However, it could be a first step towards economic decolonization, allowing each individual to take control of their money and generate their own financial incentives. Given the current economic instability, it could be an option that is gaining ground, opening a new path in the way we understand the economy.