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Cathie Wood: Most Memecoins may drop to zero, Bitcoin could reach $1 million by 2030
Odaily Planet Daily News Cathie Wood said 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 birth to "millions" of Memecoins, but ARK's private equity fund will not invest in these assets. Wood believes that Memecoins may evolve into "digital collectibles" in the future, with only a few standing the test of time, including possibly the Memecoin launched by Trump. In addition, she reiterated her bullish expectations for mainstream crypto assets such as Bitcoin, Ethereum, and Solana, and predicted that Bitcoin could surpass $1 million by 2030. (Bloomberg)