Ark Make investments’s Cathie Wooden is likely one of the outspoken supporters of crypto and blockchain know-how. Because the CEO of Ark Make investments, Wooden has constructed her credentials as a licensed “inventory picker,” pushing Ark Innovation Fund to $23 billion in belongings. Along with her profitable choices, Wooden is a well known business analyst.
In her newest assertion, Wooden predicts that almost all memecoins will change into “nugatory” since these belongings solely depend on movie star hype, with no real-life use circumstances.
In an interview, Wooden argued that combining synthetic intelligence and blockchain know-how generates thousands and thousands of doubtless nugatory memecoins. She added that her firm, Ark Make investments, doesn’t plan to put money into memecoins.
Picture: Gemini Imagen
Cathie Wooden Says Most Memecoins Will Finish Up ‘Nugatory’
Many of the so-called memecoins which might be flooding the $2.6 trillion cryptocurrency area will in all probability find yourself “nugatory,” based on @CathieDWood.
The mix of blockchain know-how and synthetic intelligence is… pic.twitter.com/n6j27oPP2m
— MetaEra (@MetaEraHK) March 19, 2025
Memecoins Will Have No Worth Quickly?
In a Bloomberg interview, Cathie Wooden expressed her sentiments on memecoins, a category of belongings created utilizing synthetic intelligence and blockchain know-how. Based on her, many of those cash will quickly change into nugatory.
Ark Make investments CEO Cathie Wooden. Supply: Patrick T. Fallon/AFP by way of Getty Photographs
Memecoins are sorts of digital belongings that have been initially created as jokes and a jab on the recognition of Bitcoin and sometimes a mirrored image of tendencies and present occasions. Final February, the Securities and Alternate Fee (SEC) said that such cash aren’t securities however are nonetheless regulated.
Consumers Of Memecoins, Beware
In the identical Bloomberg interview, Wooden talked about her insights and suggestions on meme cryptos. When requested about these belongings, Wooden reminded buyers and holders. She shared that there’s an enormous risk that buyers can lose cash with memecoins and that regulators, together with the SEC, won’t take full accountability.
Wooden’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 present buying and selling at a loss.
Wooden additional said that these memecoins would flip into “digital collector’s gadgets”, and a few of these could face up to the check of time, together with TRUMP coin. Final January, Wooden warned in opposition to 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
Wooden Stays Bullish On Bitcoin And Different Altcoins
In the meantime, Wooden 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.
Latest stories disclosed that Wooden’s firm just lately purchased 997 Bitcoins valued at $80 million by means of Coinbase, underscoring its dedication to the highest asset.
Wooden has persistently predicted that Bitcoin will move $1 million in market worth by 2030. Nonetheless, Bitcoin is buying and selling underneath $82k, down by about 13% this 12 months.
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