Ark Make investments’s Cathie Wooden is without doubt one of the outspoken supporters of crypto and blockchain know-how. 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 choices, Wooden is a widely known trade analyst.
In her newest assertion, Wooden predicts that the majority memecoins will develop into “nugatory” since these belongings solely depend on celeb hype, with no real-life use circumstances.
In an interview, Wooden argued that combining synthetic intelligence and blockchain know-how generates hundreds of thousands of doubtless nugatory memecoins. She added that her firm, Ark Make investments, doesn’t plan to spend money on 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 keeping with @CathieDWood.
The mixture 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. In keeping with her, many of those cash will quickly develop into nugatory.
Ark Make investments CEO Cathie Wooden. Supply: Patrick T. Fallon/AFP through Getty Photographs
Memecoins are kinds of digital belongings that have been initially created as jokes and a jab on the reputation of Bitcoin and sometimes a mirrored image of tendencies and present occasions. Final February, the Securities and Trade Fee (SEC) acknowledged that such cash will not be 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 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.
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 presently buying and selling at a loss.
Wooden additional acknowledged 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 circumstances for Bitcoin, Solana, and Ether are increasing and can develop into necessary to society.
Latest studies disclosed that Wooden’s firm lately purchased 997 Bitcoins valued at $80 million by Coinbase, underscoring its dedication to the highest asset.
Wooden has constantly predicted that Bitcoin will move $1 million in market worth by 2030. Nevertheless, Bitcoin is buying and selling below $82k, down by about 13% this yr.
Featured picture from Pexels, chart from TradingView
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