Cathie Wood Says She Discussed Bitcoin, AI Reforms With El Salvador's President

IconCryptoNewsTerminal Staff29 May, 2024

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Cathie Wood Says She Discussed Bitcoin, AI Reforms With El Salvador's President

Cathie Wood, the CEO of Ark Investment Management, also known as "Mama Cathie," recently took to Twitter to share that she "met with @nayibbukele, President of El Salvador, last week to discuss economic and educational reforms driven by Bitcoin and AI." Wood emphasized, "El Salvador has the opportunity to increase its GDP 10x in the next 5 years using Bitcoin and other tools. President Bukele's vision of making El Salvador a haven for the Bitcoin and AI community is one of the most ambitious economic and technological revolutions in history." El Salvador became the first country in the world to adopt Bitcoin as legal tender last year. The move has been met with mixed reactions, with some critics arguing that it is too risky. However, Wood's comments suggest that she believes El Salvador is on the right track. It is worth noting that Wood is a strong advocate for Bitcoin and other cryptocurrencies. She has previously said that she believes Bitcoin could reach $1 million per coin. Only time will tell whether El Salvador's experiment with Bitcoin will be successful. However, Wood's comments suggest that she is confident in the country's future.

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