{"id":18195,"date":"2025-03-20T07:03:41","date_gmt":"2025-03-20T07:03:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18195"},"modified":"2025-03-20T07:03:41","modified_gmt":"2025-03-20T07:03:41","slug":"memecoins-wont-survive-cathie-wood-predicts-their-demise","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18195","title":{"rendered":"Memecoins Won\u2019t Survive\u2014Cathie Wood Predicts Their Demise"},"content":{"rendered":"
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Ark Invest\u2019s Cathie Wood is one of the outspoken supporters of crypto and blockchain technology. As the CEO of Ark Invest, Wood has built her credentials as a certified \u201cstock picker,\u201d pushing Ark Innovation Fund to $23 billion<\/a> in assets. In addition to her lucrative selections, Wood is a well-known industry analyst. <\/p>\n

In her latest statement, Wood predicts that most memecoins will become \u201cworthless\u201d since these assets only rely on celebrity hype, with no real-life use cases.<\/p>\n

In an interview, Wood argued that combining artificial intelligence and blockchain technology generates millions of potentially worthless memecoins. She added that her company, Ark Invest, doesn\u2019t plan to invest in memecoins.<\/p>\n

\"\"<\/p>\n

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Cathie Wood Says Most Memecoins Will End Up \u2018Worthless\u2019<\/p>\n

Most of the so-called memecoins that are flooding the $2.6 trillion cryptocurrency space will probably end up \u201cworthless,\u201d according to @CathieDWood<\/a>.<\/p>\n

The combination of blockchain technology and artificial intelligence is\u2026 pic.twitter.com\/n6j27oPP2m<\/a><\/p>\n

\u2014 MetaEra (@MetaEraHK) March 19, 2025<\/a><\/p>\n<\/blockquote>\n

Memecoins Will Have No Value Soon?<\/strong><\/h2>\n

In a Bloomberg interview<\/a>, Cathie Wood expressed her sentiments on memecoins, a class of assets created using artificial intelligence and blockchain technology. According to her, many of these coins will soon become worthless.\u00a0<\/p>\n

\"\"<\/p>\n

Memecoins are types of digital assets that were initially created as jokes and a jab at the popularity of Bitcoin and often a reflection of trends and current events. Last February, the Securities and Exchange Commission (SEC) stated that such coins are not securities but are still regulated.<\/p>\n

Buyers Of Memecoins, Beware<\/strong><\/h2>\n

In the same Bloomberg interview, Wood talked about her insights and recommendations on meme cryptos. When asked about these assets, Wood reminded investors and holders. She shared that there\u2019s a huge possibility that investors can lose money with memecoins and that regulators, including the SEC, will not take full accountability.<\/p>\n

Wood\u2019s 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 first few days but is currently trading at a loss. <\/p>\n

<\/p>\n

Wood further stated that these memecoins would turn into \u201cdigital collector\u2019s items\u201d, and some of these may withstand the test of time, including TRUMP coin.\u00a0 Last January, Wood warned against investing in the TRUMP token, saying that this asset has no real-life utility.<\/p>\n

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ARK INVEST RECEIVED $80M OF $BTC<\/a> FROM COINBASE TODAY<\/p>\n

ARK INVEST IS BUYING BITCOIN pic.twitter.com\/FmpyoNa15A<\/a><\/p>\n

\u2014 Arkham (@arkham) March 13, 2025<\/a><\/p>\n<\/blockquote>\n

Wood Remains Bullish On Bitcoin And Other Altcoins<\/strong><\/p>\n

Meanwhile, Wood retained her bullish take on Bitcoin and the broader crypto market. She mentioned that the use cases for Bitcoin, Solana, and Ether are expanding and will become important to society. <\/p>\n

Recent reports disclosed that Wood\u2019s company recently bought 997 Bitcoins valued at $80 million through Coinbase, underscoring its commitment to the top asset.<\/p>\n

Wood has consistently predicted that Bitcoin will pass $1 million in market value by 2030. However, Bitcoin<\/a> is trading under $82k, down by about 13% this year.<\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ark Invest\u2019s Cathie Wood is one of the outspoken supporters of crypto and blockchain technology. As the CEO of Ark Invest, Wood has built her credentials as a certified \u201cstock picker,\u201d pushing Ark Innovation Fund to $23 billion in assets. In addition to her lucrative selections, Wood is a well-known industry analyst. In her latest […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-18195","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18195"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18195\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}