Overview

• Cathie Wood predicts significant price declines for most meme coins, citing oversaturation and lack of long-term value.
• She suggests meme coins could retain value as digital collectibles, with a few potentially standing the test of time.
• Wood emphasizes that the SEC's non-regulatory stance leaves investors exposed to risks, creating a 'buyer beware' environment.
• Ark Invest has avoided meme coin investments, focusing instead on established cryptocurrencies like Bitcoin, Ethereum, and Solana.
• Wood attributes the rapid proliferation of meme coins to advancements in AI and blockchain, warning that most will not hold much value.