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 a licensed “inventory picker,” pushing Ark Innovation Fund to $23 billion in property. Along with her profitable choices, Wooden is a well known business analyst.
In her newest assertion, Wooden predicts that almost all memecoins will turn into “nugatory” since these property solely depend on superstar hype, with no real-life use instances.
In an interview, Wooden argued that combining synthetic intelligence and blockchain know-how generates tens of millions of doubtless 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 house will in all probability find yourself “nugatory,” in response to @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 property created utilizing synthetic intelligence and blockchain know-how. In accordance with her, many of those cash will quickly turn into nugatory.
Ark Make investments CEO Cathie Wooden. Supply: Patrick T. Fallon/AFP by way of Getty Photos
Memecoins are kinds of digital property that have been initially created as jokes and a jab on the recognition of Bitcoin and infrequently a mirrored image of developments and present occasions. Final February, the Securities and Alternate Fee (SEC) acknowledged that such cash usually are not securities however are nonetheless regulated.
Patrons Of Memecoins, Beware
In the identical Bloomberg interview, Wooden talked about her insights and proposals on meme cryptos. When requested about these property, 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 property after US President Donald Trump took workplace. Trump launched a meme token that surged on the primary few days however is at present buying and selling at a loss.
Wooden additional acknowledged that these memecoins would flip into “digital collector’s gadgets”, and a few of these might stand 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 turn into necessary to society.
Latest studies disclosed that Wooden’s firm not too long ago purchased 997 Bitcoins valued at $80 million via 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 beneath $82k, down by about 13% this yr.
Featured picture from Pexels, chart from TradingView
Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent evaluate by our crew of high know-how specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.
