American Corbin Keegan, the “first resident” of Bitcoin City in El Salvador, has returned to the United States after more than two years of waiting for Nayib Bukele’s promise to build a city of the future to be fulfilled.

Salvadoran media reports that US citizen Corbin Keegan arrived in El Salvador almost immediately after the publication of ambitious plans by the country’s President Nayib Bukele to build a new city for crypto enthusiasts and the Bitcoin community.

Keegan told reporters that when he learned about the construction of a new city focused on digital technology, geothermal energy and ecology, he immediately wanted to become the first resident of this place. However, after more than two years of waiting, construction of the dream city has not begun.

After Keegan read a report from the Ministry of Public Works in 2023, which stated that no project called Bitcoin City had been registered and the future settlement was at the informal planning stage, he decided to leave the country.

The plans of the El Salvador government to place the so-called Volcano Bonds also turned out to be untenable. Volcano Bonds, which the government intended to fund the construction of Bitcoin City, were expected to be issued in the first quarter of 2024.