El Salvador to Build $ 4 Million Veterinary Hospital Using Bitcoin Trust Profits

by



[ad_1]

Salvadoran President Nayib Bukele has announced his intention to invest part of the $ 4 million in profits the country has raised from its Bitcoin holdings to invest in the construction of a new veterinary hospital in the local capital of San Salvador.

Speaking to Twitter on October 10, Bukele revealed that the state-run Bitcoin trust of El Salvador currently holds $ 4 million in profits from its recent adoption of Bitcoin.

Bukele announced that part of the funds will be invested in the construction of a veterinary hospital comprising four operating rooms, four emergency clinics, 19 offices and a rehabilitation area. “We decided to invest some of that money in this: a veterinary hospital for our furry friends,” he said.

Bukele added that the facility will aim to be able to perform 64 surgeries, respond to 128 emergencies and attend nearly 400 general appointments per day, by sharing a computer-generated mockup of the hospital on social media.

The news sparked mixed reactions on Twitter, with many Salvadorans suggesting alternative uses for the country’s crypto profits.

According to a rough translation, Twitter user Norma De Serrano noted it would be better if the money was invested in improving existing medical facilities across the country, pointing out that many hospitals and health services “need to be improved” – with many other commentators voicing similar concerns.

Others critical the government for not having invested in infrastructure outside the country’s capital.

Related: Which Bitcoin correction? BTC price holds at $ 55,000 despite several bearish indicators

The news comes as Bitcoin’s market cap recently surpassed $ 1,000 billion for the first time since May, with BTC rising nearly 20% from $ 47,000 to over 55,000 during the week. last.