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

In El Salvador, President Nayib Bukele met with the founder of Ark Invest, Cathie Wood, to talk about Bitcoin, Artificial Intelligence (AI), and much more. Wood praised Bukele, stating that the GDP of El Salvador could increase tenfold in the next 5 years of his term. 

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 Artificial Intelligence (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 share her thoughts on the meeting on X, highlighting 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 una diminuzione dei prezzi delle azioni.

“Grazie @maxkeiser e Stacy per aver presentato Art Laffer, @dpuellARK Marc Seal e me al Presidente Bukele la scorsa settimana. Sfruttando il #bitcoin e l’#AI per mettere il turbo alle sue riforme economiche e dell’istruzione, il Presidente potrebbe far crescere il PIL di El Salvador di 10 volte durante il suo prossimo mandato di 5 anni.”

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 predictions of the CEO of Ark Invest

A inizio mese, la Wood ha esordito con una sua previsione di prezzo per Bitcoin che supera ogni aspettativa. 

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 need 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 gli investitori istituzioni dovrebbero decidere di stanziare il 5% dei loro portafogli su 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.