Cathie Wood: Most meme coins will eventually become "worthless," buyers should be cautious

ChainCatcher news, according to Bloomberg, Cathie Wood stated that most Memecoins may eventually 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 ARK's private equity funds will not invest in these assets. Wood believes that Memecoins may evolve into "digital collectibles" in the future, with only a few able to stand the test of time, which may include the Memecoin launched by Trump.

Additionally, she reiterated her bullish outlook on mainstream crypto assets like Bitcoin, Ethereum, and Solana, and expects Bitcoin to potentially exceed $1 million by 2030.