Cathie Wood Warns Most Memecoins Will Be Worthless

• Cathie Wood predicts most memecoins will lose all value.
• ARK’s private funds will avoid memecoin investments.
• She supports Bitcoin, Ethereum, and Solana for the long term.

Cathie Wood, CEO of ARK Investment Management, has sent a clear warning to crypto investors: most memecoins will likely become worthless. Speaking with Bloomberg, Wood emphasized that these highly speculative digital assets offer little long-term value and are prone to failure.

She also made it clear that ARK’s private funds will not invest in memecoins, highlighting the risk they pose to investors. While the crypto space has seen a surge in popularity of meme-based tokens, Wood believes the majority are unsustainable and could collapse over time.

Some Memecoins Might Become Digital Collectibles

Interestingly, Wood allowed for the possibility that a few memecoins might survive by evolving into digital collectibles. These tokens could hold some niche value for collectors, similar to rare items in gaming or art, but will not serve as serious investments.

This nuanced view suggests she doesn’t entirely dismiss the cultural or novelty appeal of memecoins, but remains skeptical about their financial potential.

Strong Confidence in Bitcoin, Ethereum, and Solana

While memecoins face scrutiny, Cathie Wood is strongly bullish on major cryptocurrencies like Bitcoin, Ethereum, and Solana. She continues to advocate for their long-term value, calling them solid assets with real-world utility and growth potential.

Wood has previously predicted significant gains for Bitcoin and has shown consistent support for the broader blockchain ecosystem, especially assets with technological advantages and adoption.