Ark Invest’s Cathie Wood is one of the pronounced supporters of crypto and blockchain technology. As CEO of Ark Invest, Wood has built its references as a certified “Stock Picker”, which runs Ark Innovation Fund to $ 23 billion in assets. In addition to its lucrative choices, Wood is a well -known industry analyst.
In its latest statement, Wood predicts that most memecoins will be “worthless” as these assets rely on celebrity, without any real use case.
In an interview, Wood claimed that combination of artificial intelligence and blockchain technology generates millions of potentially useless memecoins. She added that her company, Ark Invest, does not plan to invest in memecoins.
Image: Gemini Imagen
Cathie Wood says most Memecoins will end up “worthless”
Most of the so-called memecoins that flood the 2.6 trillion of dollars Cryptocurrency will probably end up “worthless”, according to @Cathiedwood.
The combination of blockchain technology and artificial intelligence is … pic.twitter.com/n6j27opp2m
– metara (@metarahk) March 19, 2025
Memecoins have no value soon?
On one Bloomberg interviewCathie Wood expressed her feelings on Memecoins, a class of assets created with artificial intelligence and blockchain technology. According to her, many of these coins will soon become worthless.
Ark Invest CEO Cathie Wood. Source: Patrick T. Fallon/AFP via Getty Images
Memecoins are types of digital assets that were originally created as jokes and a Jab on Bitcoin’s popularity and often a reflection of trends and current events. In February last year, Securities and Exchange Commission (SEC) stated that such coins are not securities but are still regulated.
Buyers of memecoins, watch out
In the same Bloomberg interview, Wood talked about its insights and recommendations on MEME -CRYPTOR. On the question of these assets, Wood reminded investors and holders. She shared that there is a huge opportunity for investors to lose money with Memecoins and that the supervisory authorities, including Sec, will not take full responsibility.
Wood’s statement comes in the midst of increasing attention and demand for these assets after US President Donald Trump took office. Trump launched a Meme token that increased the first few days but currently acts at loss.
Wood further stated that these memecoins would be transformed into “digital collectibles”, and some of these can withstand the tests of time, including Trump Coin. In January last year, Wood warned to invest in the Trump token and said that this asset has no reality.
Ark Invest received $ 80 million in $ BTC From Coinbase today
Ark Invest buys bitcoin pic.twitter.com/fmpyona15a
– Arkham (@arkham) March 13, 2025
Wood remains hausse on bitcoin and other altcoins
At the same time, Wood retained its raised bitcoin and the wider crypto market. She mentioned that the use cases for Bitcoin, Soana and Ether are expanding and will be important to society.
New reports revealed that Wood’s company recently bought 997 Bitcoins valued at $ 80 million through Coinbase and emphasized its commitment to the top supply.
Wood has consistently predicted that Bitcoin will pass $ 1 million in market value by 2030. But Bitcoin Shopping under $ 82,000, with about 13% this year.
Image from Pexels, Chart from TradingView
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