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Memecoins Won’t Survive—Cathie Wood Predicts Their Demise

  • Cathie Wood, CEO of Ark Invest, predicts that most memecoins will become worthless due to their reliance on celebrity hype.
  • Wood states that her company does not plan to invest in memecoins.
  • She warns investors that there is a high possibility of losing money with memecoins and that regulators, such as the SEC, will not take full accountability.
  • However, Wood remains bullish on Bitcoin, Solana, and Ether, stating that their use cases are expanding and will become important to society.

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