Cathie Wood, CEO of asset management firm Ark Invest, recently met with El Salvador’s President Nayib Bukele and discussed bitcoin. She praised his progressive approach to economic and educational reforms. “President Bukele’s determination to transform El Salvador into a hub for the bitcoin and AI communities — two of the most significant economic and technological revolutions in history — is why I believe its real GDP could potentially increase tenfold during the next five years,” Wood stated.
Cathie Wood Commends President Bukele’s Bitcoin and AI Vision for El Salvador
Asset management firm ARK Invest’s CEO, Cathie Wood, met with El Salvador’s President Nayib Bukele last week. The visit, arranged by Max Keiser and Stacy Herbert, included economist Art Laffer and ARK Invest research associates David Puell and Marc Seal.
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“Harnessing bitcoin and AI to turbocharge his economic and education reforms, the President could potentially increase El Salvador’s GDP tenfold during his next five-year term,” Wood shared on social media platform X on Tuesday. “Currently, El Salvador’s GDP is at a low base, approximately $30 billion, and the average income is only $450 per month. President Bukele clearly understands the Laffer Curve, and Art Laffer and I see many ways to build on the momentum his tax incentives have created!”
Wood continued: “The President also embraced the idea of introducing Ark Educate’s curriculum on technologically enabled innovation — including robotics, energy storage, AI, blockchain, and multiomics — to schools in El Salvador. Since 2020, our educators have adapted Ark’s research to be age-appropriate.”
The Ark Invest boss further shared: “In our conversation, I found President Bukele incredibly knowledgeable, highly engaging, and vision-driven. I can see why he is extremely popular not only in El Salvador but throughout Latin America, Spain, and Portugal. Watch this leader and his country!” She opined:
President Bukele’s determination to transform El Salvador into a hub for the bitcoin and AI communities — two of the most significant economic and technological revolutions in history — is why I believe its real GDP could potentially increase tenfold during the next five years.
Source: Bitcoin
