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Ah, Cathie Wood, the seasoned sage of investments, has decided to grace us with her wisdom once again. In a recent interview, she wisely pointed her finger at the ever-growing sea of memecoins—those digital novelties that have emerged in the gargantuan $2.6 trillion cryptocurrency market. And, lo and behold, her prediction? Most of them are about as valuable as a soggy piece of toast left in a rainstorm.
On March 18th, during her customary sit-down with Bloomberg (because where else would one discuss such matters?), Wood, the brilliant mind behind Ark Investment Management, solemnly warned investors about the meteoric rise of meme-based currencies. She did not mince words, gently advising them to proceed with caution—or, better yet, avoid jumping into this absurd game altogether. Who needs a meme coin when you can just… laugh at the whole idea? 😏
According to Wood, the marriage of blockchain technology and artificial intelligence has birthed millions of meme coins. Yes, millions. She grimly forecasts that these coins—often spawned from an inside joke or a fleeting cultural reference—are destined to collapse under the weight of their own foolishness. Their long-term value? A joke. And we all know the punchline: it’s worth nothing. 🫣
“Buyer beware,” she quipped, as she glanced towards the horizon, where the SEC and other regulatory bodies remain stubbornly indifferent to the chaos unfolding before them. Apparently, memecoins are simply too ridiculous to regulate. Go figure.
Now, lest you think Cathie is a complete pessimist, don’t worry. She has not written off all cryptocurrencies with the same harsh brush. Oh no, she’s still quite fond of the more established ones—Bitcoin, Ether, Solana. You know, the ones that aren’t essentially a prank. She’s optimistic about their growing applications and believes they will have real-world utility in the future. Imagine that! Some coins that don’t just make you chuckle nervously. 😅
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2025-03-19 08:36