El Salvador will build a veterinary hospital using gains from the legalization of Bitcoin
Due to the increase in quotes in the state fund, there has been a surplus of $4 million
11.10.2021 - 08:00
427
1 min
0
What's new? President of El Salvador Nayib Bukele has posted a tweet announcing the construction of a new veterinary hospital. The funds for the project will be taken from the gains that the country receives from Bitcoin operations.
We’ll start building this pet hospital with our #BTC profits. pic.twitter.com/ontf9xiZJT— Nayib Bukele 🇸🇻 (@nayibbukele) October 10, 2021
Where did the gains come from? According to the President of El Salvador, the gains arose in the dollar part of a special trust that was created to ensure the exchange of cryptocurrencies for fiat currency. Due to the growth of bitcoin, the fund has a surplus of $4 million, and the state fund can use this money at its discretion.
“Bitcoins and US dollars are kept on the fund's balance sheet. By maintaining the same number of BTC, even if the number of dollars decreases, we can invest 4 million in some project,” the president explained.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$89 486
BTC
-1.64%
-
Ethereum
$3 079.24
ETH
-2.44%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.05
XRP
-7.19%
-
Dogecoin
$0.358347
DOGE
-3.03%
-
Cardano
$0.706095
ADA
-5.92%
-
Bitcoin Cash
$430.98
BCH
-8.52%
-
Polkadot
$5.38
DOT
-6.45%
-
Litecoin
$86.32
LTC
-10.6%
-
Stellar XLM
$0.194581
XLM
-11.96%