Salvadoran President Nayib Bukele has announced that it will invest part of the $ 4 million profit the country has accumulated from its Bitcoin holdings in the construction of a new animal hospital in the capital, San Salvador.

On Twitter, Bukele announced on October 10th that the El Salvador state bitcoin trust currently holds $ 4 million in profits from its recent bitcoin holdings.

Bukele announced that part of the fund will be invested in the construction of a veterinary clinic with four operating theaters, four emergency clinics, 19 offices and a rehab station. “We decided to invest some of that money here: a veterinary clinic for our furry friends,” he said.

Bukele added that the facility will aim to perform 64 surgeries, respond to 128 emergencies, and typically conduct nearly 400 general appointments daily, sharing a machine-controlled hospital model generated using social media.

https://twitter.com/nayibbukele/status/1447021351299072003?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
The news received mixed reactions on Twitter, with many Salvadorans suggesting alternative uses for the country’s cryptocurrency profits.

According to a rough translation, Twitter user Norma De Serrano has speak It would be better if the money were invested in upgrading existing medical facilities across the country, pointing out that many hospitals and medical facilities “need improvement” – and many others have similar concerns.

Is different be reprimanded Government for not investing in infrastructure outside of the country’s capital.

Related: What does Bitcoin regulate? BTC price is holding $ 55,000 despite some bearish indicators

The news comes when Bitcoin’s market cap recently topped $ 1 trillion for the first time since May, with BTC rising nearly 20% from $ 47,000 to over $ 55,000 in the past week.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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