According to Bloomberg, ARK Investment Management founder and CEO Cathie Wood stated that most memecoins may ultimately become "worthless" and warned investors to be cautious. She pointed out that the combination of blockchain technology and AI is giving rise to "millions" of memecoins, but their private sale fund will not invest in these assets. Wood believes that memecoins may become "digital collectibles" in the future, with only a few standing the test of time, including potentially memecoins introduced by Trump. At the same time, she reiterated her bullish view on major encryption assets such as BTC, Ethereum, and Solana, believing that their use cases are expanding and predicting that BTC could surpass $1 million by 2030.
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Cathie Wood: Most memecoins may drop to zero, Bitcoin could reach $1 million by 2030
According to Bloomberg, ARK Investment Management founder and CEO Cathie Wood stated that most memecoins may ultimately become "worthless" and warned investors to be cautious. She pointed out that the combination of blockchain technology and AI is giving rise to "millions" of memecoins, but their private sale fund will not invest in these assets. Wood believes that memecoins may become "digital collectibles" in the future, with only a few standing the test of time, including potentially memecoins introduced by Trump. At the same time, she reiterated her bullish view on major encryption assets such as BTC, Ethereum, and Solana, believing that their use cases are expanding and predicting that BTC could surpass $1 million by 2030.