The Cathie Wood from Ark Invest is one of the pronounced supporters of crypto and blockchain technology. As a CEO of ARK Invest, Wood has built up its certificates as a certified “Stock Picker”, which drives the ARK Innovation Fund to 23 billion US dollars. In addition to your lucrative selection, Wood is a well -known industry analyst.
In her last statement, Wood predicts that most memoins become “worthless” because these assets are only based on celebrity hype without using applications in real life.
In an interview, Wood argued that the combination of artificial intelligence and blockchain technology generates millions of potentially worthless memorial. She added that her company ARK Invest is not planning to invest in Memecoins.
Image: Gemini Imagen
According to Cathie Wood, most memoins will be “worthless”
Most of the so-called Memecoin, which flood the cryptocurrency area of $ 2.6 trillion, will probably end “worthless”, so that @Cathiedwood.
The combination of blockchain technology and artificial intelligence is … pic.twitter.com/n6j27opp2m
– Metaera (@metaerahk) March 19, 2025
Memecoins will soon have no value?
In a Bloomberg interview, Cathie Wood expressed her feelings to Memecoins, a class of assets that were created with artificial intelligence and blockchain technology. Many of these coins will soon become worthless.
Ark Invest CEO Cathie Wood. Source: Patrick T. Fallon/AFP via Getty Images
Memoins are types of digital assets that were originally created as jokes and as a popularity of Bitcoin and often as a reflection of trends and current events. Last February, the Securities and Exchange Commission (SEC) explained that such coins are not securities, but are still regulated.
Buyer of Memecoins, be careful
In the same Bloomberg interview, Wood spoke about her findings and recommendations about Meme Cryptos. When Wood was asked about these assets, Wood reminded investors and owners. She announced that there is a great option that investors can lose money with memoins and that the supervisory authorities, including the SEC, will not take full accountability.
Wood’s statement comes in the middle of increasing attention and demand for these assets after US President Donald Trump had taken office. Trump started a meme token that rose in the first few days, but currently acted with loss.
Wood further explained that these memoins would change into “Digital Collector’s Item”, and some of them can withstand the test of time, including Trump Coin. Last January, Wood warned against investing in the Trump token and said that this asset had no real benefit.
ARK Invest received 80 million US dollars from $ BTC From Coinbase today
ARK Invest buys Bitcoin pic.twitter.com/fmpyona15a
– Arkham (@arkham) March 13, 2025
Wood remains optimistic about Bitcoin and other old coins
In the meantime, Wood kept her optimistic attitude to Bitcoin and the wider cryptom market. She mentioned that applications for Bitcoin, Solana and Ether will expand and become important for society.
It was announced in recent reports that Wood’s companies recently bought 997 bitcoins worth 80 million US dollars via Coinbase and underlines its commitment to the top assets.
Wood has consistently predicted that Bitcoin will say goodbye to a market value of $ 1 million by 2030. However, Bitcoin acts below $ 82,000, which has dropped by about 13% this year.
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