• About Us
  • Careers
  • Contact
No Result
View All Result
Monday, August 4, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Latest News

El Salvador’s Bitcoin and AI Plans Could 10x its GDP by 2029 — Cathie Wood

29 May 2024
in Latest News, News
Reading Time: 4 mins read
102 6
El Salvador's Bitcoin and AI Plans Could 10x its GDP by 2029 — Cathie Wood

source: news.bitcoin.com

Last updated on May 31st, 2024 at 05:57 pm

ARK Invest CEO Cathie Wood has predicted that El Salvador’s gross domestic product (GDP) could increase tenfold over the next five years if it continues its Bitcoin and artificial intelligence adoption plan under President Nayib Bukele,

“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 wrote in a recent post on social media.

In the post, Wood outlined how El Salvador attained the ambitious goal of increasing its GDP to $300 billion by 2029. According to Wood:

“Currently, El Salvador’s GDP is at a low base, ~$30 billion, and the average income only $450 per month. President Bukele clearly understands the Laffer Curve, and Art Laffer can see many ways to build on the momentum his tax incentives have put in place”

Wood’s comments and predictions came after her meeting with Bukele and his team. Bitcoin advocate Stacy Herbert, U.S. economist Arthur Laffer, ARK Invest research associate Marc Seal, and Max Keiser, who advises Bukele on Bitcoin-related matters, were among the attendees. Keiser stated that Wood “walked us through the numbers.”  

Wood reportedly discussed Bitcoin’s integration into capital markets, AI, and tax policies with Bukele

.@CathieDWood & @LafferCenter + Max & Stacy – discuss #Bitcoin &
AI opportunities in #ElSalvador with President @nayibbukele pic.twitter.com/XOwPWoKVFB

— Max Keiser (@maxkeiser) May 28, 2024

El Salvador’s GDP was $32.4 billion in 2022, a 30% increase since Bukele took office in June 2019, according to World Bank data. If the GDP reaches $300 billion, it would be comparable to the economies of Romania, the Czech Republic, and Chile.

Under Bukele’s presidency, El Salvador has made Bitcoin legal tender and eliminated taxes related to tech innovation. In March, the country removed income tax for foreign investments and remittances.

Since 2021, El Salvador has been dollar-cost averaging into Bitcoin, with an average purchase price of $43,097 per BTC. With the cryptocurrency now trading above $62,000, the country has an unrealized profit exceeding $57.4 million on its Bitcoin holdings, according to the Nayib Bukele Portfolio Tracker website.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

 

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: BitcoinCathie WoodEl Salvador
Share63Tweet40Share11
Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

Related Posts

Crypto Hacks Surge to $142M in July, CoinDCX Suffers Largest Breach
Crime

Crypto Hacks Surge to $142M in July, CoinDCX Suffers Largest Breach

1 August 2025
Solv Protocol Launches BTC+ Vault to Tap Into $1T of Idle Bitcoin for Institutional Yield
Bitcoin

Solv Protocol Launches BTC+ Vault to Tap Into $1T of Idle Bitcoin for Institutional Yield

1 August 2025
Coinbase Misses Q2 Estimates Despite YoY Revenue Growth, Shares Dip 6%
Crypto

Coinbase Misses Q2 Estimates Despite YoY Revenue Growth, Shares Dip 6%

1 August 2025
Visa Expands Stablecoin Support to Boost Scalable Global Blockchain Payments
News

Visa Expands Stablecoin Support to Boost Scalable Global Blockchain Payments

1 August 2025

Featured Posts

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

byOlayinka Sodiq
21 July 2025
0

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

byOlayinka Sodiq
6 July 2025
0

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

byOlajumoke Oyaleke
30 June 2025
0

What Is a Rebase Token and How Does It Work?

What Is a Rebase Token and How Does It Work?

byOlajumoke Oyaleke
28 June 2025
0

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

byOlajumoke Oyaleke
26 June 2025
0

Read More

Chain of Thoughts

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Markets Update

US Ether ETFs Turn One: What $16.6B in Assets and Bullish Inflows Signal for the Future

20 hours ago

Is ETH Restaking Driving Efficiency or Introducing a Dangerous Complexity?

2 days ago

Your Weekend Crypto Roundup | August 2025 (Week 1)

3 days ago

Meta’s $72 Billion AI Investment: A Strategic Shift from the Metaverse to Artificial Intelligence

4 days ago

Is Web3 Finally Solving Its Risk Problem? A Market Review of DeFi Insurance Models

5 days ago

How Coinshift Is Progressing the Stablecoin Space

5 days ago
Read More

Events

Rare Evo 2025
Rare Evo 2025
6 Aug 25
Las Vegas
CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Josip Heit and Apertum Secure Legal Victory Over Texas Securities Board (TSSB), Fueling the Next Evolution in DeFi

Josip Heit and Apertum Secure Legal Victory Over Texas Securities Board (TSSB), Fueling the Next Evolution in DeFi

byGuest Author
1 August 2025
0

Hamieverse Taps Abstract to Power Its Debut Blockchain Game and Purpose-Driven Ecosystem

bychainwire
1 August 2025
0

Pepe Dollar ($PEPD) Presale Picks Up Pace as Ethereum (ETH) Hovers Over $3,600

bychainwire
1 August 2025
0

Meme Coin ‘$SATOSHI’ Heralding the Return of Satoshi Nakamoto’s Vision Launches First Presale

bychainwire
1 August 2025
0

10 Years of Ethereum : ETH Meme Coin Pepeto Ends Stage 6 With $5.770.000 Raised In Presale

bychainwire
31 July 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00