Memecoin Meltdown? 😜
Cathie Wood, the queen bee of Ark Invest, and known for her knack for spotting winners in the stock market, has declared war on memecoins. 👑 She reckons most of these digital jokers are headed straight for the digital graveyard, leaving investors with nothing but dust and regret. 🪦
Wood ain’t messing around. She says these memecoins are built on hype and celebrity endorsements, lacking any real-world purpose. 🤡 Just like that fad diet you tried last year, they’ll leave you feeling empty and broke. 😩
She even went on record saying that AI and blockchain are churning out millions of worthless memecoins faster than you can say “Lambo.” 🤯 Ark Invest, her investment empire, is steering clear of these digital landmines. They’re not playing that game. 🙅♀️
Cathie Wood Says Most Memecoins Will End Up ‘Worthless’
Most of the so-called memecoins that are flooding the $2.6 trillion cryptocurrency space will probably end up “worthless,” according to @CathieDWood.
The combination of blockchain technology and artificial intelligence is…
— MetaEra (@MetaEraHK) March 19, 2025
Memecoins Will Have No Value Soon?
Cathie Wood, in a recent interview with Bloomberg, spilled the tea on memecoins. This “queen of the market” believes many of these digital assets, born from AI and blockchain, are destined for the digital dustbin. 🗑️
Remember, memecoins started out as internet jokes, poking fun at Bitcoin and other cryptocurrencies. They often ride on trends and news headlines, like that viral cat video you can’t stop watching. 😹 Last year, the SEC even chimed in, saying these coins aren’t securities but still need to play by the rules.
Buyers Of Memecoins, Beware
Wood wasn’t holding back. In that same Bloomberg chat, she dropped some serious truth bombs about meme cryptos. She warned investors, saying there’s a high chance they could lose their shirts on these volatile assets. She even hinted that regulators, like the SEC, won’t be stepping in to save the day. 💸
Wood’s warning comes hot on the heels of Donald Trump, the former US president, launching his own meme token. It skyrocketed at first, but is now trading at a loss. Looks like Trump’s meme magic didn’t work this time. 🤑
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2025-03-20 10:13