Cathy Wood, CEO of ARK Invest, says Trump “entering the next stage of the encryption revolution”
Cathy Wood shares her ideas about Trump’s currency
In the appearance of a hadith on Bloomberg ETF IQCathy Wood, CEO of ARK Investt, shared her ideas about the most important Mimi currency around her, the Trump currency. As you likely know, the cryptocurrency associated with President Donald Trump has acquired its unique position as a political and marketing tool. But do you carry any real value?
Cathy Wood reveals her ideas Realdonaldtrump New Mimi currency, $ Trump.
“It takes the next stage of the encryption revolution.” 🚀
Read more 👇https://t.co/y5kpio3jhp pic.twitter.com/1w6NGNPASP
– Conncodex (Coincodex) January 24, 2025
Wood was rushed to point out that Trumpoin is directly falling into the M -currency category, similar to previous encryption trends such as ICO boom for the year 2017. While Meme currencies often lack the fundamental value, their cultural impact and speculative aspects cannot be ignored.
Since its launch on January 18, speculation has spread about the possible facilities of Trump. Some indicate that the possession of Trumpcoin can give unique advantages, such as the opportunity to meet Trump himself. However, Wood expressed his doubts, stressing that no clear benefit was created for the currency. Currently, the primary attachment of Trumpcoin lies in its brand rather than a job.
When asked if Ark Invest – one of the best investment funds traded in growth – will consider buying Trump currency, Wood explained that Meme currencies are not part of its investment strategy and that the company is committed to Bitcoin, Ethereum and Solana. However, Trump imposed, saying, “He puts in the next stage of the encryption revolution.”
It should be noted that shortly after Trump’s launch, First Lady Melania Trump launched her Melania currency, which reached a billion billion evaluation of her launch. At the present time, both Rumwayn have decreased dramatically, but they could reflect this trend according to the algorithm of the coin prices.
