Ark Invest’s Cathie Wood is likely one of the outspoken supporters of crypto and blockchain expertise. As the CEO of Ark Invest, Wood has constructed her credentials as an authorized “stock picker,” pushing Ark Innovation Fund to $23 billion in property. In addition to her profitable alternatives, Wood is a widely known trade analyst.
In her newest assertion, Wood predicts that almost all memecoins will change into “worthless” since these property solely depend on celeb hype, with no real-life use circumstances.
In an interview, Wood argued that combining synthetic intelligence and blockchain expertise generates thousands and thousands of probably nugatory memecoins. She added that her firm, Ark Invest, doesn’t plan to put money into memecoins.
Image: Gemini Imagen
Cathie Wood Says Most Memecoins Will End Up ‘Worthless’
Most of the so-called memecoins which might be flooding the $2.6 trillion cryptocurrency area will most likely find yourself “worthless,” in accordance with @CathieDWood.
The mixture of blockchain expertise and synthetic intelligence is… pic.twitter.com/n6j27oPP2m
— MetaEra (@MetaEraHK) March 19, 2025
Memecoins Will Have No Value Soon?
In a Bloomberg interview, Cathie Wood expressed her sentiments on memecoins, a category of property created utilizing synthetic intelligence and blockchain expertise. According to her, many of those cash will quickly change into nugatory.
Ark Invest CEO Cathie Wood. Source: Patrick T. Fallon/AFP by way of Getty ImagesMemecoins are forms of digital property that have been initially created as jokes and a jab on the reputation of Bitcoin and infrequently a mirrored image of tendencies and present occasions. Last February, the Securities and Exchange Commission (SEC) acknowledged that such cash usually are not securities however are nonetheless regulated.
Buyers Of Memecoins, Beware
In the identical Bloomberg interview, Wood talked about her insights and proposals on meme cryptos. When requested about these property, Wood reminded buyers and holders. She shared that there’s an enormous chance that buyers can lose cash with memecoins and that regulators, together with the SEC, is not going to take full accountability.
Wood’s assertion comes amid an rising consideration and demand for these property after US President Donald Trump took workplace. Trump launched a meme token that surged on the primary few days however is at present buying and selling at a loss.
Wood additional acknowledged that these memecoins would flip into “digital collector’s items”, and a few of these might face up to the check of time, together with TRUMP coin. Last January, Wood warned towards investing within the TRUMP token, saying that this asset has no real-life utility.
ARK INVEST RECEIVED $80M OF $BTC FROM COINBASE TODAY
ARK INVEST IS BUYING BITCOIN pic.twitter.com/FmpyoNa15A
— Arkham (@arkham) March 13, 2025
Wood Remains Bullish On Bitcoin And Other Altcoins
Meanwhile, Wood retained her bullish tackle Bitcoin and the broader crypto market. She talked about that the use circumstances for Bitcoin, Solana, and Ether are increasing and can change into vital to society.
Recent stories disclosed that Wood’s firm not too long ago purchased 997 Bitcoins valued at $80 million by way of Coinbase, underscoring its dedication to the highest asset.
Wood has persistently predicted that Bitcoin will move $1 million in market worth by 2030. However, Bitcoin is buying and selling below $82k, down by about 13% this yr.
Featured picture from Pexels, chart from TradingView
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