Crypto

Cathie Wood: Most Meme Coins Will Become Worthless

The Future of Meme Coin

Cathie Wood, CEO of 'ARK Investment Management', during an interview with Bloomberg Television on January 28, 2025 - Bloomberg

stated the following:

Source:

Bloomberg

Cathie Wood stated that most of what is known as 'meme coins', which flood the cryptocurrency market valued at $2.6 trillion, will eventually become worthless.

Wood, the CEO and founder of 'ARK Investment Management LLC', added during an interview with Bloomberg Television on Tuesday that the integration of blockchain technology with artificial intelligence has led to the emergence of 'millions' of meme coins that 'will have little to no value', noting that her investment funds do not invest in these currencies.

Meme coins are a type of digital asset often inspired by jokes, current events, or trending cultural phenomena. Last February, the U.S. Securities and Exchange Commission stated that these coins are not considered securities, meaning they will remain outside the scope of regulation.