Fleeing what they see as the impending taxation of their newfound fortunes, wealthy cryptocurrency investors are heading en masse to Puerto Rico, with their hearts set on building a crypto utopia.
Puertopia
With the goal of creating a utopia – named “Sol” – run solely on cryptocurrencies and blockchain technology, crypto millionaires (and billionaires) are buying up property left and right in the Caribbean island of Puerto Rico.
Recently decimated by Hurricane Maria, many parts of Puerto Rico are still in need of reconstruction and renovation. Wealthy cryptocurrency proponents are ready to do just that, and have been buying up property left and right in historic Old San Juan.