Ark Make investments’s Cathie Wood is without doubt one of the outspoken supporters of crypto and blockchain expertise. Because the CEO of Ark Make investments, Wood has constructed her credentials as a licensed “stock picker,” pushing Ark Innovation Fund to $23 billion in belongings. Along with her profitable choices, Wood is a well known business analyst.
In her newest assertion, Wood predicts that the majority memecoins will grow to be “worthless” since these belongings solely depend on celeb hype, with no real-life use instances.
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 Make investments, doesn’t plan to spend money on memecoins.
Picture: Gemini Imagen
Cathie Wood Says Most Memecoins Will Finish Up ‘Worthless’
A lot of the so-called memecoins which can be flooding the $2.6 trillion cryptocurrency area will most likely find yourself “worthless,” in accordance with @CathieDWood.
The mix of blockchain expertise and synthetic intelligence is… pic.twitter.com/n6j27oPP2m
— MetaEra (@MetaEraHK) March 19, 2025
Memecoins Will Have No Worth Quickly?
In a Bloomberg interview, Cathie Wood expressed her sentiments on memecoins, a category of belongings created utilizing synthetic intelligence and blockchain expertise. In accordance with her, many of those cash will quickly grow to be nugatory.
Ark Make investments CEO Cathie Wood. Supply: Patrick T. Fallon/AFP by way of Getty Photos
Memecoins are forms of digital belongings that had been initially created as jokes and a jab on the reputation of Bitcoin and infrequently a mirrored image of developments and present occasions. Final February, the Securities and Trade Fee (SEC) said that such cash will not be securities however are nonetheless regulated.
Consumers Of Memecoins, Beware
In the identical Bloomberg interview, Wood talked about her insights and suggestions on meme cryptos. When requested about these belongings, 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, won’t take full accountability.
Wood’s assertion comes amid an growing consideration and demand for these belongings after US President Donald Trump took workplace. Trump launched a meme token that surged on the primary few days however is at the moment buying and selling at a loss.
Wood additional said that these memecoins would flip into “digital collector’s items”, and a few of these might stand up to the take a look at of time, together with TRUMP coin. Final 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 Stays Bullish On Bitcoin And Different Altcoins
In the meantime, Wood retained her bullish tackle Bitcoin and the broader crypto market. She talked about that the use instances for Bitcoin, Solana, and Ether are increasing and can grow to be essential to society.
Current studies disclosed that Wood’s firm not too long ago purchased 997 Bitcoins valued at $80 million via Coinbase, underscoring its dedication to the highest asset.
Wood has persistently predicted that Bitcoin will go $1 million in market worth by 2030. Nonetheless, Bitcoin is buying and selling below $82k, down by about 13% this yr.
Featured picture from Pexels, chart from TradingView
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