Cathie Wood, CEO of Ark Invest, expressed concerns over the future value of meme coins, stating they will likely decline significantly. Despite renewed cryptocurrency interest linked to President Trump's initiatives, Wood maintains a more bullish outlook for Bitcoin over meme coins. The SEC's recent declaration that meme coins are not securities means they will not be subject to regulation, leaving buyers at risk. Wood also noted the potential for some meme coins, like $TRUMP, to become digital collector's items, yet doubts their overall sustainability in the market.
Meme coins will be collector's items, so as digital collector's items. Of course, some will withstand the judgment of time, and that may be one of them.
I think that the SEC did a very important thing in declaring these meme coins, 'Not securities.' What they essentially were saying is, 'We are not going to regulate them, and it's buyer beware.'
There's nothing like losing money for people to learn, and they'll learn that the SEC and regulators are not taking responsibility for these meme coins.
The combination of AI and blockchain technology is creating millions, millions of these meme coins. We think most of them are not going to be worth very much.
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