Cathie Wood warns that most memecoins will end “worthless”

Cathie Wood warns that most memecoins will end “worthless”

For the expert, the combination of blockchain technology and artificial intelligence is creating “millions” of memecoins cryptodivisas that “they will not be worth much,” he said.

Cathie Woodthe important financial guru and CEO of Ark Investment Managment LLC, said it believes that most calls Memecoins that are flooding the space of cryptocurrency, valued at US $ 2.6 billion, they will probably end Without any value.

Memecoins are a type of digital asset often inspired by jokes, current events or trends of popular culture. In this regard, Wood said Its private funds, which usually invest in technology and risk assets, do not have exposure in these currencies.

“If I have a message for those who listen to me and are buying memecoins: Buyer, care“Wood said and added, there is anything like losing money for people to learn, and they will learn that The SEC and regulators are not responsible for these memecoins

Donald Trump cryptocurrency 2.jpg

Memecoins and Donald Trump

Digital tokens were news days before the president’s possession Donald Trumpwhen he launched a memecoin of himself. The currency attracted a volume of transactions of billions of dollars in a short space of time, but since then its value collapsed

The memecoins will become “collector digital objects,” said the expert and added that some “will resist the trial of time”, and Trump’s memecoin can be one of them.

Despite this pessimistic look on memecoins, it does not have the same vision for consolidated cryptocurrencies as Bitcoin, Ether and Solana of which he says that his uses are “multiplying” and will gain importance in the future.

The expert frequently said that Bitcoin could exceed one million dollars in 2030. The largest cryptodye in the world in terms of value is currently below US $ 82,000, which represents a 13% decrease so far this year.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts