Salvadoran President Nayib Bukele has revealed intentions to contribute a portion of the nation’s $4 million earnings from Bitcoin holdings towards constructing a new veterinary hospital in San Salvador, the nation’s capital.
Bukele disclosed on Twitter on Oct. 10 that El Salvador’s state-run Bitcoin trust now has $4 million in revenues from the country’s previous Bitcoin adoption.
Part of the cash will be used to build a veterinary hospital with four surgical rooms, four emergency clinics, 19 offices, and a rehabilitation area, according to Bukele. He stated: “We decided to invest a part of that money in this: a veterinary hospital for our furry friends.”
Bukele also shared a computer-generated image of the hospital on social networks, stating that the hospital will be ready to execute 64 surgeries, respond to 128 emergencies, and handle roughly 400 routine visits each day.
The announcement drew varied responses on Twitter, with many Salvadorans proposing other uses for the nation’s cryptocurrency profits.
A Twitter user Norma De Serrano stated that the money would be better spent upgrading current medical facilities around the nation, underlining that many hospitals and health facilities “ought to be renovated” – a sentiment shared by many other comments.
Others chastised the administration for not investing in infrastructure outside of the capital.
The announcement comes as Bitcoin’s market value just surpassed $1 trillion for the first time since May, with BTC rising over 20% in the last week from $47,000 to over 55,000.