Cathie Wood posted on social media that he had held talks with the president of El Salvador to use bitcoin and AI to promote his economic and educational reforms, and that the president could expand El Salvador's GDP by a factor of 10 during his next five-year term.
According to Cathie Wood, El Salvador currently has a low GDP base of about $30 billion, with an average monthly income of just $450. President Booker clearly understands the Laffer Curve, and Arthur Laffer can see many ways to capitalize on the momentum created by his tax incentives, as can I. The president also embraced the idea of introducing ARK Educate's technology innovation courses (robotics, energy storage, artificial intelligence, blockchain, and multi-omics) into Salvadoran schools.
President Bukele is determined to turn El Salvador into an oasis for the Bitcoin and artificial intelligence communities, two of the biggest economic and technological revolutions in history, which is why I believe its real GDP could grow tenfold in the next five years.
Cathie Wood: Using Bitcoin and AI to drive its economic and educational reforms, El Salvador's GDP could grow tenfold in the next five years
2024-05-29 00:20:04
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