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El Salvador: il Presidente incontra Cathie Wood per parlare di Bitcoin, AI e altro

A El Salvador si sono incontrati il Presidente Nayib Bukele con la fondatrice di Ark Invest, Cathie Wood, per parlare di Bitcoin, Intelligenza Artificiale (AI) e molto altro. Wood ha elogiato Bukele, affermando che il PIL di El Salvador potrà aumentare di 10 volte nei prossimi 5 anni di suo mandato. 

El Salvador: the meeting between President Nayib Bukele and Cathie Wood to talk about Bitcoin and more

In these days, the President of El Salvador, Nayib Bukele, has met prominent figures such as Cathie Wood, CEO of Ark Invest, Art Laffer, Stacy Herbet and Marc Seal to discuss Bitcoin and much more. 

“President Bukele recently met with @CathieDWood and Art Laffer to discuss investment opportunities in El Salvador. Among the topics covered: Bitcoin and new capital markets; technological and innovation opportunities, including in the field of Artificial Intelligence and Art Laffer’s favorite: fiscal policy!

It was a productive and stimulating meeting. And we are proud that the #Bitcoin Country is attracting the best investors in the world to explore the opportunities of El Salvador.”

In practice, the topics discussed by the participants seem to have been Bitcoin and new capital markets, technological and innovation opportunities such as Intelligenza Artificiale (AI) and fiscal policy.

Basically, what emerged is the great esteem that Wood and the other participants wanted to show to El Salvador, the country with Bitcoin as legal tender since September 2021. 

Not only that, Wood then began to release her considerations about the meeting also on X, pointing out how much she believes in the development of the Central American country. 

El Salvador: Cathie Wood sees the country’s GDP increase with legal Bitcoin by 10 times in 5 years

In a series of tweets, Wood also released some optimistic forecasts on the GDP growth of El Salvador. Specifically, the CEO of Ark Invest believes that under Bukele’s leadership, El Salvador could see its GDP increase tenfold in the next 5 years. 

In un mercato bull, gli investitori sono ottimisti e si aspettano che i prezzi delle azioni aumentino. Al contrario, in un mercato bear, prevale il pessimismo e si prevede che i prezzi delle azioni scendano.

“Thank you @maxkeiser and Stacy for introducing Art Laffer, @dpuellARK Marc Seal and me to President Bukele last week. Leveraging #bitcoin and #AI to turbocharge his economic and educational reforms, the President could grow El Salvador’s GDP by 10 times during his next 5-year term.”

Continuing with the tweets, Wood also announced that Bukele could introduce the ARK Educate curriculum in El Salvador’s schools on technological innovation – robotics, energy storage, AI, blockchain, and multiomics. 

Not only that, Wood then praised Bukele’s mission in implementing the transformation of El Salvador. Here are her words: 

“The determination of President Bukele to transform El Salvador into an oasis for the bitcoin and AI communities – two of the greatest economic and technological revolutions in history – is the reason why I believe that its real GDP could increase tenfold in the next five years. During our conversation, I found President Bukele incredibly prepared, very engaging, and vision-oriented. I can understand why he is extremely popular not only in El Salvador, but throughout Latin America, Spain, and Portugal. Watch this leader and his country!”

The super optimistic Bitcoin price forecasts of the CEO of Ark Invest

At the beginning of the month, Wood made a debut with her price prediction for Bitcoin that exceeds all expectations. 

And indeed, the CEO of Ark Invest has hypothesized that the price of BTC could reach even 3.8 million dollars, if institutional investors start to invest heavily in it. 

It is a super optimistic forecast from Wood, who has never stopped being bullish on the price of the asset, especially after the SEC of the USA approved in January 2024, the spot Bitcoin ETFs. 

In fact, the more shares of spot Bitcoin ETFs are purchased, the more the managers of those ETFs have to buy actual BTC on the crypto market, in order to provide the funds with sufficient collateral to cover all the issued shares. 

Tale previsione super ottimistica della Wood sul prezzo di Bitcoin, considera che institutional investors should decide to allocate 5% of their portfolios to BTC.  

Stefania Stimolo
Stefania Stimolo
Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.