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Cathie Wood Believes Most Memecoins Will Face 'Fearsome Declines,' But They Could End Up Becoming Collector's Items

Cathie Wood, founder of Ark Invest, stated that most meme coins will face "fearsome declines" and likely be worthless in the future, as she expressed during an interview with Bloomberg Podcasts.
Wood emphasized that investors should understand the risks of meme coins, especially after the SEC clarified that they are not subject to federal securities laws.
Ark Invest has avoided investing in meme coins, focusing instead on Bitcoin, Ethereum, and Solana, according to Wood.
Wood warned that losing money will teach investors that the SEC and regulators are not responsible for these assets, advising potential buyers to be cautious.

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South China Morning Post

Center

Most memecoins will end up ‘worthless’, Ark Investment CEO Cathie Wood says

Wood pointed out that some of these digital tokens will ‘withstand the judgment of time’, and Donald Trump’s memecoin may be one of them.

13 days ago·Hong Kong

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Business Insider

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Cathie Wood says people are going to learn the hard way that meme coins are the worst

Ark Invest's Cathie Wood, who has been bullish about cryptocurrencies like bitcoin, said her private funds are not investing in meme coins.Joe Raedle via Getty ImagesCathie Wood said most meme coins "are not going to be worth very much."President Donald Trump's meme coin, $TRUMP, may become a digital collector's item, Wood said.But Wood said she expects to see "fearsome declines in the prices of some of these meme coins."Ark Invest's Cathie Wood…

13 days ago·United States

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Benzinga

Center

Cathie Wood Believes Most Memecoins Will Face 'Fearsome Declines,' But They Could End Up Becoming Collector's Items

Cathie Wood, the founder of asset management firm Ark Invest, warned investors Tuesday that most meme coins won't have high worth in the future and "fearsome declines" could be expected.

13 days ago·New York, United States

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The Straits Times

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Famed investor Cathie Wood says most memecoins will end up ‘worthless’

Ark Investment Managment founder and CEO said her private funds are not putting money into these coins. Read more at straitstimes.com.

13 days ago·Singapore

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investincryptonews.com

Memecoins Won’t Survive—Cathie Wood Predicts Their Demise - Invest In Crypto News

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure 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 …

11 days ago

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coinspress.com

Cathie Wood Predicts Memecoins Will Fade, Remains Optimistic About Bitcoin

Under her leadership, Ark’s Innovation Fund grew to $23 billion, and Wood is known for her insightful analysis of industry […] The post Cathie Wood Predicts Memecoins Will Fade, Remains Optimistic About Bitcoin appeared first on CoinsPress.

11 days ago

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