El Salvador will build pet hospital from Bitcoin profit
The President of El Salvador announced plans to build a government pet hospital with the use of Bitcoin profit.
After the adoption of Bitcoin as legal tender since 7 September 2021, Nayib Bukele, President of El Salvador, seems not going to stop with the Bitcoin blockchain speed. Step by step, he shares on twitter about their success and plan with the Bitcoin law.
On 10 October, Nayib Bukele, president of El Salvador, tweeted that they will build a “Chivo pets”. That hospital will be for pet animals. And the fund will be used for the making of hospitals from the profit that El Salvador grabbed from Bitcoin buy.
Chivo pet hospital will include around 12 Basic offices, 4 Emergency Clinics, 4 Operating room, Rehabilitation area & Isolations.
As we know, after 7 September El Salvador bought 300 BTC and after that 3 times they bought Bitcoins corresponding to the crash in the crypto Market. At present, the price of Bitcoin increased by around more than 30%, so the government will utilize this profit in the public sector development.
Nayib Bukele also clearly said that they are not going to sell Bitcoin for such initiative. They will only use the fund of Trust because they have trust with Bitcoin more than trust. So they will use USD funds only.
Further he added that pet hospitals will probably be appreciated in relation to the USD. And Bitcoin on the contrary is a deflationary currency. So indirectly Nayib Bukele trolled critics through the success of Bitcoin law.