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Cathy Wood, the founder of ARK Invest, recently announced that Memecoins has no real value.
In an interview with Bloomberg TV, Wood explained that a mixture of Blockchain technology and artificial intelligence led to the creation of “millions” of Memecoins, which, from her point of view, “will not have value.” She also added that its own stock fund will not invest in these currencies.
Cathy Wood weighs on memecoins
“If I have one thing to say to the people who buy Memecoins, then it will be: buy with caution. Wood is also I mentioned Ultimately, Memecoins will become “digital holdings”, with some “time test”. I also suggested that the TROMP momentum be one of those that carry.
Wood repeated her optimism about the most firm cryptocurrencies, saying that the use of bitcoin, ethereum and Solana “increasing quickly” and that these currencies will play an important role in the future.
Although it is a large part of the encryption market, Memecoins recently got a great deal of negative attention, especially with the appearance of celebrity -based Meme currencies that participated in the major collapses, including withdrawing the $ $. As a result, Memecoins has turned from simple directions to become a port for rug and fraud, which requires a higher level of alertness.
CZ, in a deleted tweet now, repeated similar feelings about Memecoins. He pointed out that the primary goal of investors in these currencies is to search for quick financial gains. He added: “People say they love the memes. What it means is that they like to tell them any distinctive symbol (symbol) to buy to make a quick back.”
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