Puerto Rico is to become a Utopia. Crypto millionaires and billionaires set a goal to create a place run solely on crypto and blockchain technology. That’s why the properties in the Caribbean island of Puerto Rico are being bought like hot pies from the oven.
Matt Clemenson, co-founder of blockchain lottery website, commented why Puerto Rico is a perfect place to build a new society:
“We’re benevolent capitalists, building a benevolent economy. Puerto Rico has been this hidden gem, this enchanted island that’s been consistently overlooked and mistreated. Maybe 500 years later we can make it right.”
Puerto Rico is chosen as a perfect place for implementing the idea, as there are no federal personal income tax, no capital gains tax, and offers favorable business taxes.