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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Jaya60 on October 13, 2021, 05:23:55 PM

Title: El Salvador to Use Bitcoin Profits to Build Pet Hospital
Post by: Jaya60 on October 13, 2021, 05:23:55 PM
El Salvador's president has a wacky idea for spending his Bitcoin. El Salvador’s president said Saturday that the country will use profits from its Bitcoin holdings to build a "pet hospital."
President Nayib Bukele, who made Bitcoin legal tender in the country on September 7, wrote on Twitter that the country’s Bitcoin Trust had a surplus of $4 million dollars due to the surging price of the cryptocurrency. Bitcoin is up 15.6% in the past week alone. Today it trades for $55,274—its highest value since May. Bukele said that the money will be invested in a “pet hospital,” and posted a computer-generated video of the upcoming project. source (https://decrypt.co/83129/el-salvador-to-use-bitcoin-profits-to-build-pet-hospital)