Ark Invest’s 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 “stock picker,” 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 statement, Wood predicts that most memecoins will become “worthless” since these assets only rely on celebrity hype, with no real-life use cases. 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’t plan to invest in memecoins. 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… pic.twitter.com/n6j27oPP2m — MetaEra (@MetaEraHK) March 19, 2025 Memecoins Will Have No Value Soon? In a Bloomberg interview , 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. 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. Buyers Of Memecoins, Beware 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’s a huge possibility that investors can lose money with memecoins and that regulators, including the SEC, will not take full accountability. Wood’s 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. Wood further stated that these memecoins would turn into “digital collector’s items”, and some of these may withstand the test of time, including TRUMP coin. Last January, Wood warned against investing in 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 Wood Remains Bullish On Bitcoin And Other Altcoins 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. Recent reports disclosed that Wood’s company recently bought 997 Bitcoins valued at $80 million through Coinbase, underscoring its commitment to the top asset. Wood has consistently predicted that Bitcoin will pass $1 million in market value by 2030. However, Bitcoin is trading under $82k, down by about 13% this year. Featured image from Pexels, chart from TradingView
