El Salvador’s president, Neb Bukele, has announced plans to invest some of the $4 million in profits raised by the state in bitcoin (BTC) in building a new veterinary hospital in the local capital, San Salvador.
On Sunday, Bukele tweeted that the El Salvador government bitcoin trust currently has $4 million in profits from recent bitcoin use.
Bukele announced that part of the money will be invested in the construction of a veterinary hospital with four operating rooms, four outpatient clinics, 19 offices and a rehabilitation center. “We decided to put some money into this: a veterinary hospital for our angry friends,” he said.
Bukele added that the facility will be able to perform 64 operations, respond to 128 emergencies, receive nearly 400 public visits per day, and post the hospital’s computer model on social media.
The news was met with a controversial reaction on Twitter, with many Salvadorans suggesting alternative ways to exploit the country’s cryptocurrency surplus.
According to a rough translation, Twitter user Norma Di Serrano said it would be better to invest in improving existing health services across the country, stressing that many hospitals and health services “need improvement” – along with many other commentators. expresses similar concerns.
Others criticized the government for not investing in infrastructure outside the capital.
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The news came when Bitcoin’s market cap recently crossed $1 trillion, for the first time since May, with BTC climbing nearly 20% from $47,000 to over $55,000 in the past week.