Beautiful Virgin Islands

Tuesday, Jun 03, 2025

El Salvador Plans To Build A Pet Hospital With Their Bitcoin Gains

El Salvador Plans To Build A Pet Hospital With Their Bitcoin Gains

According to President Nayib Bukele, El Salvador will use some of the country’s $4 million profit from its Bitcoin investment to build a pet hospital.

After Bitcoin’s recent price jump, the president of El Salvador Nayib Bukele announced on Twitter that he was going to use the proceeds of his country’s BTC investment to build a large scale pet hospital.

The president’s tweet came along with other posts referencing Bitcoin, a warning about the imminent financial crisis, a stab at his opponents who are very silent now that the country is in profit and several retweets of other media outlets.

The video attached to the tweet rendered of what the hospital would look like, clarifying that he was not selling any of the 700 BTC acquired for a national trust created to facilitate the immediate conversion between BTC and USD for Chivo Wallet users.

In a series of tweets in Spanish, Bukele further explained his idea. The hospital will be pretty big and will feature hair salons, offices, classrooms, and an auditorium in addition to medical facilities such as consulting rooms, operating rooms, rehabilitation, hospitalization, and quarantine rooms.

Bukele estimates that the hospital will be able to handle 384 consultations, more than 100 emergencies, 64 surgeries, and 32 X-rays every day.

All this is possible because the rise of Bitcoin left the country with a $4 million surplus in the Bitcoin Fund. Bukele decided to use a portion of his profits to construct this massive infrastructure.

Mixed Reactions to El Salvador’s Bitcoin Adoption

Since the president announced that El Salvador would adopt Bitcoin as legal tender, reactions worldwide were very mixed.

Major figures in crypto such as Ethereum co-founder Vitalik Buterin and renowned institutions including the World Bank, the International Monetary Fund and the leading credit rating agencies have all criticized the way El Salvador’s way to use Bitcoin.


On the other side of the coin, Bitcoin proponents claim that the president is a pioneer and praised the move on the premise that it will eventually be good for Bitcoin and the country.

Source: El Salvador Plans To Build A Pet Hospital With Their Bitcoin Gains – Fintechs.fi

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
China Accuses US of Violating Trade Truce
Panama Port Owner Balances US-China Pressures
France Implements Nationwide Outdoor Smoking Ban to Protect Children
German Chancellor Merz Keeps Putin Guessing on Missile Strategy
Mandelson Criticizes UK's 'Fetish' for Abandoning EU Regulations
British Fishing Boat Owner Fined €30,000 by French Authorities
Dutch government falls as far-right leader Wilders quits coalition
Harvard Urges US to Unfreeze Funds for Public Health Research
Businessman Mauled by Lion at Luxury Namibian Lodge
Researchers Consider New Destinations Beyond the U.S.
53-Year-Old Doctor Claims Biological Age of 23
Trump Struggles to Secure Trade Deals With China and Europe
Russia to Return 6,000 Corpses Under Ukraine Prisoner Swap Deal
Microsoft Lays Off Hundreds More Amid Restructuring
Harvey Weinstein’s Publicist Embraces Notoriety
Macron and Meloni Seek Unity Despite Tensions
Trump Administration Accused of Obstructing Deportation Cases
Newark Mayor Sues Over Arrest at Immigration Facility
Center-Left Candidate Projected to Win South Korean Presidency
Trump’s Tariffs Predicted to Stall Global Economic Growth
South Korea’s President-Elect Expected to Take Softer Line on Trump and North Korea
Trump’s China Strategy Remains a Geopolitical Puzzle
Ukraine Executes Long-Range Drone Strikes on Russian Airbases
Conservative Karol Nawrocki wins Poland’s presidential election
Study Identifies Potential Radicalization Risk Among Over One Million Muslims in Germany
Good news: Annalena Baerbock Elected President of the UN General Assembly
Apple Appeals EU Law Over User Data Sharing Requirements
South Africa: "First Black Bank" Collapses after Being Looted by Owners
Poland will now withdraw from the EU migration pact after pro-Trump nationalist wins Election
"That's Disgusting, Don’t Say It Again": The Trump Joke That Made the President Boil
Trump Cancels NASA Nominee Over Democratic Donations
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OnlyFans for Sale: From Lockdown Lifeline to Eight-Billion-Dollar Empire
Mayor’s Security Officer Implicated | Shocking New Details Emerge in NYC Kidnapping Case
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
×