Salvadoran president has announced plans to invest part of the $4 million worth of profits the country has accumulated from its Bitcoin holdings to invest into constructing a new veterinary hospital in the local capital of San Salvador.
El Salvador’s state-operated Bitcoin trust currently holds $4 million worth of profits gleaned from its recent Bitcoin embrace.
The president announced that part of the funds will be invested into constructing a veterinary hospital featuring four operating rooms, four emergency clinics, 19 offices, and a rehabilitation area. He added the facility will aim to be able to perform 64 surgeries, respond to 128 emergencies, and tend to nearly 400 general appointments daily, sharing a computer-generated mock-up of the hospital to social media.
The news however was met with mixed reactions on Twitter, Many suggesting the money to be invested in improving the existing medical facilities across the country, emphasizing that many hospitals and health units “need to be improved”. Others criticized the government for failing to invest in infrastructure outside of the country’s capital.
The news comes as Bitcoin’s market capitalization recently broke above $1 trillion for the first time since May, with BTC rallying nearly 20% from $47,000 to more than 55,000 during the past week.
