"Powered by Bitcoin and AI, El Salvador's GDP could grow 10 times in the next five years"
Cathie Wood said she met with Salvadoran President Booker to discuss the possibility of using Bitcoin and artificial intelligence to promote economic and educational reforms. President Bukele plans to expand El Salvador's GDP tenfold during his next five-year term.
At present, El Salvador's GDP base is relatively low, about US$30 billion, and the average monthly income is only US$450. President Bukele is familiar with the Laffer Curve and readily accepted the proposal to introduce ARK Educate’s technologically innovative curriculum, including robotics, energy storage, artificial intelligence, blockchain and multi-omics, into El Salvadoran schools.
President Bukele is determined to make El Salvador an oasis for the Bitcoin and Artificial Intelligence communities, two of the largest economic and technological revolutions in history. Wood believes these initiatives will drive El Salvador's GDP growth tenfold over the next five years.
👽 Personally, I think Bitcoin has high security and programmability. Fast payments and decentralized AI governance are possible through Bitcoin L2 technology. El Salvador can use these advantages to attract global scientific and technological talents and investment, enhance its position in the digital economy and smart technology fields, and promote rapid economic growth.
