Cathie Wood and Nayib Bukele Came Together for Bitcoin: What Did They Talk About?

Cathie Wood, CEO of ETF issuer Ark Invest, met with El Salvador President Nayib Bukele.

Max Keiser, who lives in El Salvador and stands out as a Bitcoin supporter, included a remarkable conversation in his X post dated May 28. The post in question stated that Cathie Wood met with El Salvador President Nayin Bukele to discuss Bitcoin and artificial intelligence.

Representatives of the investment firm The Laffer Center, Max Keiser, and his wife Stacy Herbert were also present at the meeting. While Wood thanked Keizer on social media, the meeting discussed how to increase Bitcoin adoption in the country through artificial intelligence.

Wood also noted that artificial intelligence and Bitcoin breakthroughs could accelerate education and economic reforms in El Salvador. He pointed out that this breakthrough could increase the country's Gross Domestic Product (GDP) 10-fold in the coming years:

By leveraging Bitcoin or artificial intelligence to accelerate economic and education reforms, the president could increase El Salvador's GDP by 10 times during his next 5-year term. Currently, El Salvador's GDP is low, around $30 billion, and its average income is only $450 per month. President Bukele clearly understands the Laffer Curve, and Art Laffer can see many ways to build on the momentum put in place by tax incentives, as can I!