Ark Make investments’s Cathie Wooden is without doubt one of the outspoken supporters of crypto and blockchain expertise. Because the CEO of Ark Make investments, Wooden has constructed her credentials as an authorized “inventory picker,” pushing Ark Innovation Fund to $23 billion in belongings. Along with her profitable picks, Wooden is a well known business analyst.
In her newest assertion, Wooden predicts that almost all memecoins will grow to be “nugatory” since these belongings solely depend on movie star hype, with no real-life use instances.
In an interview, Wooden 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 put money into memecoins.
Picture: Gemini Imagen
Cathie Wooden Says Most Memecoins Will Finish Up ‘Nugatory’
A lot of the so-called memecoins which can be flooding the $2.6 trillion cryptocurrency area will in all probability find yourself “nugatory,” in line 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 Wooden expressed her sentiments on memecoins, a category of belongings created utilizing synthetic intelligence and blockchain expertise. Based on her, many of those cash will quickly grow to be nugatory.
Ark Make investments CEO Cathie Wooden. Supply: Patrick T. Fallon/AFP by way of Getty Photographs
Memecoins are kinds of digital belongings that had been initially created as jokes and a jab on the recognition of Bitcoin and sometimes a mirrored image of traits and present occasions. Final February, the Securities and Trade Fee (SEC) said that such cash are usually not securities however are nonetheless regulated.
Consumers Of Memecoins, Beware
In the identical Bloomberg interview, Wooden talked about her insights and proposals on meme cryptos. When requested about these belongings, Wooden reminded traders and holders. She shared that there’s an enormous risk that traders 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 the moment buying and selling at a loss.
Wooden additional said that these memecoins would flip into “digital collector’s objects”, and a few of these might face up to the take a look at 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 instances for Bitcoin, Solana, and Ether are increasing and can grow to be essential to society.
Latest reviews disclosed that Wooden’s firm just lately purchased 997 Bitcoins valued at $80 million by Coinbase, underscoring its dedication to the highest asset.
Wooden has persistently predicted that Bitcoin will move $1 million in market worth by 2030. Nevertheless, Bitcoin is buying and selling underneath $82k, down by about 13% this 12 months.
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