El Salvador to build pet hospital from Bitcoin profits

The President of El Salvador has announced his intention to build a public hospital for pets with the use of profits from Bitcoin.

After the adoption of Bitcoin as legal tender since September 7, 2021, Nayib Bukele, President of El Salvador, does not seem to want to stop with the speed of the Bitcoin blockchain. Step by step, he shares on twitter their success and their plan with the Bitcoin law.

On October 10, Nayib Bukele, President of El Salvador, tweeted that they would build a ‘Chivo pets’. This hospital will be for pets. And the fund will be used to build hospitals from the profits El Salvador made from buying Bitcoin.

The Chivo Pet Hospital will include approximately 12 base offices, 4 emergency clinics, 4 operating rooms, a rehabilitation area and isolates.

As we know, after September 7th El Salvador bought 300 BTC and after that 3 times they bought Bitcoins corresponding to the crypto market crash. At present, the price of Bitcoin has increased by around over 30%, so the government will use this profit in the development of the public sector.

Nayib Bukele has also made it clear that they will not be selling Bitcoin for such an initiative. They will only use the trust fund because they trust Bitcoin more than they trust. They will therefore only use funds in USD.

Additionally, he added that pet hospitals are likely to be valued over the SHU. And Bitcoin on the contrary is a deflationary currency. So indirectly, Nayib Bukele dragged the critics through the success of the Bitcoin Law.

To read also: Chingari, rival of TikTok, raises 19 million dollars to develop a “social token”

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