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Cathie Wood by Ark Invest is one of the frank supporters of cryptographic and blockchain technology. As CEO of Ark Invest, Wood has built its references as a certified “shares”, pushing the Fund Ark Innovation at $ 23 billion in assets. In addition to his lucrative selections, Wood is a well -known analyst in industry.
In his last declaration, Wood provides that most mecoins will become “worthless” because these assets are based only on the media celebrities, without real use.
In an interview, Wood argued that the combination of artificial intelligence and blockchain technology generates millions of potentially worthless mecoins. She added that her company, Ark Invest, does not plan to invest in the same.
Image: Gemini Imagen
Wood Cathie says most of the guy will end up “worthless”
Most of the so-called memecoins that flood the cryptocurrency space of 2.6 billions of dollars will probably end up “worthless”, according to @Cathedwood.
The combination of blockchain technology and artificial intelligence is … pic.twitter.com/n6j27opp2m
– Metaera (@Metaerahk) March 19, 2025
In an interview with Bloomberg, Cathie Wood expressed its feelings on the same, a class of assets created using artificial intelligence and blockchain technology. According to her, many of these parts will soon become worthless.
Ark Invest CEO Cathie Wood. Source: Patrick T. Fallon/AFP via Getty Images
The same is the types of digital assets that have been initially created as jokes and a blow to the popularity of bitcoin and often a reflection of current trends and events. Last February, the Securities and Exchange Commission (SEC) said that these documents are not titles but are still regulated.
In the same interview with Bloomberg, Wood spoke of his ideas and recommendations on the same Cryptos. Asked about these assets, Wood reminded investors and holders. She shared that there is a huge possibility that investors can lose money with same and that regulators, including the dry, 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 token that jumped the first days but which is currently negotiating at a loss.
Wood also said that these same would be transformed into “digital collection articles”, and some of them could resist the time test, especially Trump Coin. Last January, Wood warned against investment in the Trump token, saying that this asset has no real public service.
Ark Invest has received $ 80 million from $ BTC Coinbase today
Ark Invest buys Bitcoin pic.twitter.com/fmpyona15a
– Arkham (@arkham) March 13, 2025
Meanwhile, Wood has retained its optimistic vision of Bitcoin and the wider market of cryptography. She mentioned that the use cases for Bitcoin, Solana and Ether are developing and will become important for the company.
Recent reports have revealed that Wood’s company recently bought 997 bitcoins worth $ 80 million via Coinbase, highlighting its commitment to the best asset.
Wood has always predicted that Bitcoin will spend $ 1 million in market value by 2030. However, Bitcoin is negotiating less than $ 82,000, down around 13% this year.
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