El Salvador’s GDP might increase tenfold in five years with its Bitcoin and AI plans, says ARK Invest CEO Cathie Wood.
El Salvador could see its gross domestic product increase tenfold over the next five years if it stays with its Bitcoin (“President Bukele’s determination to turn El Salvador into an oasis for the Bitcoin and AI communities — two of the biggest economic and technology revolutions in history — is the reason I believe that its real GDP could scale 10-fold during the next five years,” Wood said in a May 28...
Wood “walked us through the numbers” on how El Salvador can increase its GDP 10-fold to $300 billion by 2029,Bitcoin advocate Stacy Herbet, United States economist Arthur Laffer and ARK Invest research associate Marc Seal also attended the meeting. If it reached $300 billion, it would put the Central American country’s GDP roughly on par with Romania, the Czech Republic and Chile.hasn’t been as successful.
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