Star investor Cathie Wood visits El Salvador

As announced by the "National Bitcoin Office" in El Salvador, among others, the well-known star investor Cathie Wood was a guest of President Nayib Bukele together with the respected economist Art Laffer. The talks focused on El Salvador's economic upturn, the Bitcoin strategy and the topic of artificial intelligence.

Cathie Wood is the founder and CEO of the investment firm ARK Invest, which is, among other things, the issuer of the fourth largest US Bitcoin ETF. Known for her forward-looking investment strategies and her commitment to areas such as technology and innovation, she has established herself as one of the world's most influential investors in recent years.

During her visit to El Salvador, Wood met President Bukele together with two of her high-ranking colleagues and the renowned American economist Art Laffer. Laffer is considered one of the most important representatives of supply-oriented economic policy and is the creator of the Laffer curve named after him. This curve describes the relationship between tax rates and tax revenue and has a major influence on economic policy discussions. The well-known Bitcoin advocate Max Keiser also took part in the talks together with his wife Stacey.

In a tweet, Wood thanked her hosts and emphasized the importance of discussions on the use of Bitcoin and artificial intelligence to promote economic and educational reform in the country. Wood expressed her confidence that under the leadership of President Bukele, El Salvador could increase its gross domestic product (GDP) tenfold in the next five years.

According to a newspaper report by Diario El Salvador, the president expressed his openness to introducing ARK Educate's curricula in the areas of robotics, energy storage, AI, blockchain and multinomics in Salvadoran schools. These educational initiatives are designed to integrate technologically advanced and innovative content into the country's school system.

In further tweets, Wood praised Bukele as a visionary and committed leader whose popularity extends far beyond the borders of El Salvador. She emphasized the importance of the planned measures and reforms for the country's future economic development and was optimistic about the positive impact on society.

In our conversation, I found President Bukele incredibly knowledgeable, highly engaging, and vision driven. I can understand why he is extremely popular not only in El Salvador but throughout Latin America, Spain, and Portugal. Watch this leader and his country!
^{Cathie Wood, Ark Invest}

The star investor also sees enormous potential in the country's Bitcoin strategy and technological reforms. She repeatedly praised President Bukele for making El Salvador a center for Bitcoin and AI. According to her forecasts, this could lead to a significant increase in gross domestic product. Wood emphasized that the combination of economic and technological innovation could be decisive for the positive development of El Salvador.

The visit signals a further expansion of cooperation between international investors and the Salvadoran government in order to promote technological innovation and improve the country's economic situation. It will be interesting to see where this once one of the poorest and most criminal countries in the world will develop in the future.