Ark Invest’s Cathie Wood is one among the outspoken supporters of crypto and blockchain technology. Because the CEO of Ark Invest, Wood has built her credentials as a licensed “stock picker,” pushing Ark Innovation Fund to $23 billion in assets. Along with her lucrative selections, Wood is a well known industry analyst.
In her latest statement, Wood predicts that the majority memecoins will change into “worthless” since these assets only depend on celebrity hype, with no real-life use cases.
In an interview, Wood argued that combining artificial intelligence and blockchain technology generates hundreds of thousands of probably worthless memecoins. She added that her company, Ark Invest, doesn’t plan to speculate in memecoins.
Image: Gemini Imagen
Cathie Wood Says Most Memecoins Will End Up ‘Worthless’
A lot of the so-called memecoins which might be flooding the $2.6 trillion cryptocurrency space will probably find yourself “worthless,” in keeping with @CathieDWood.
The mixture of blockchain technology and artificial intelligence is… pic.twitter.com/n6j27oPP2m
— MetaEra (@MetaEraHK) March 19, 2025
Memecoins Will Have No Value Soon?
In a Bloomberg interview, Cathie Wood expressed her sentiments on memecoins, a category of assets created using artificial intelligence and blockchain technology. Based on her, a lot of these coins will soon change into worthless.
Ark Invest CEO Cathie Wood. Source: Patrick T. Fallon/AFP via Getty Images
Memecoins are varieties of digital assets that were initially created as jokes and a jab at the recognition of Bitcoin and sometimes a mirrored image of trends and current events. Last February, the Securities and Exchange Commission (SEC) stated that such coins are usually not securities but are still regulated.
Buyers Of Memecoins, Beware
In the identical Bloomberg interview, Wood talked about her insights and proposals on meme cryptos. When asked about these assets, Wood reminded investors and holders. She shared that there’s an enormous possibility that investors can lose money with memecoins and that regulators, including the SEC, won’t take full accountability.
Wood’s statement comes amid an increasing attention and demand for these assets after US President Donald Trump took office. Trump launched a meme token that surged on the primary few days but is currently trading at a loss.
Wood further stated that these memecoins would turn into “digital collector’s items”, and a few of these may withstand the test of time, including TRUMP coin. Last January, Wood warned against 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
Wood Stays Bullish On Bitcoin And Other Altcoins
Meanwhile, Wood retained her bullish tackle Bitcoin and the broader crypto market. She mentioned that the use cases for Bitcoin, Solana, and Ether are expanding and can change into vital to society.
Recent reports disclosed that Wood’s company recently bought 997 Bitcoins valued at $80 million through Coinbase, underscoring its commitment to the highest asset.
Wood has consistently predicted that Bitcoin will pass $1 million in market value by 2030. Nonetheless, Bitcoin is trading under $82k, down by about 13% this 12 months.
Featured image from Pexels, chart from TradingView
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