El Salvador's mainstream Bitcoin (BTC) adoption is gaining momentum during the ongoing bull run every bit citizens are increasingly exchanging their U.S. dollar savings for BTC.

President Nayib Bukele shared this new development on Twitter, based on data acquired from El Salvador'southward in-house wallet service, Chivo. Bukele said:

"People are inserting way more USD (to buy #BTC) than what they are withdrawing from the Chivo ATMs."

He also urged media outlets to independently confirm the to a higher place data by visiting the ATMs. President Bukele further stated that Chivo has reported 24,076 remittance requests, "calculation upwards to $iii,069,761.05 in one solar day."

The increment in dollar-to-Bitcoin conversions within the jurisdiction reflects a change in investor sentiment, which initially faced resistance during adoption from the general public. Moreover, the Salvadoran government offers various subsidies for using Bitcoin such as fuel subsidies and revenue enhancement exemptions.

Related: El Salvador ranks third in global Bitcoin ATM installations, data finds

El salvador has installed over 200 ATMs later adopting Bitcoin every bit a legal tender, making it the third-largest network of crypto ATMs after the United States and Canada.

As Cointelegraph reported, Republic of el salvador exceeded United kingdom of great britain and northern ireland's crypto ATM count subsequently deploying 205 crypto ATMs, mainly to facilitate local Bitcoin transactions and Bitcoin-to-dollar conversions.

Recently, the Salvadoran authorities appear it will build a $4 million veterinary infirmary using the profits attained during the Bitcoin bull market. Co-ordinate to President Bukele, the veterinary hospital volition host four operating rooms, iv emergency clinics, 19 offices and a rehabilitation area. "We decided to invest a part of that coin in this: a veterinary infirmary for our furry friends."