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President Nayib Bukele Says El Salvador Will Use Bitcoin Profits To Fund Pet Hospital

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El Salvador will invest some of the $4 million in profits it made through its bitcoin operations to construct a veterinary hospital.


 

The Bitcoin Trust, which El Salvador Congress approved in August, and which a balance of 150 million, has a “surplus” of $ 4 million, Bukele said.

President Nayib Bukele said:

“Bitcoin is good for pets.”

 

He said:

“We鈥檒l start building this pet hospital with our BTC profits.”

 

He further explained:

“By the way, we鈥檙e not selling any BTC, we鈥檙e are using the USD part of the trust, since the BTC part is now worth more than when the trust was established.”

 





Bukele stated that the veterinary hospital will provide emergency and basic medical services in addition to rehabilitation.

“So we decided to invest a part of that money in this:

A VETERINARY HOSPITAL for all our furry friends. Which will include:

  • 12 Basic offices
  • 4 Emergency clinics
  • 4 Operating rooms
  • Rehabilitation area
  • Isolations
  • Hospitalizations
  • Recovery”

 

 

 

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Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry 鈥 from price analysis to Blockchain disruption. Ammara authored more than 1,000 stories for TheCryptoBasic, CryptoComes and other fintech media outlets. She is particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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