Most of the so-called memoins, which flood the cryptocurrency area of $ 2.6 trillion, will probably end “worthless”, according to Cathie Wood.
The combination of blockchain technology and artificial intelligence creates “millions” of Meme cryptocurrencies that “will not be much worth,” said the founder and CEO of ARK Investment Managment LLC on Tuesday that their private funds do not bring any money into these coins.
Memoins are a kind of digital asset that are often inspired by jokes, current events or trends in popular culture. In February, the US Securities and Exchange Commission said that Memecoins werenot considered as securitiesSo you don’t remain regulated.
“If I have a message for those who listen to the memo cinema: buy buyers,” said Wood. “There is nothing better than learning money for people, and they will find out that the Sec and supervisory authorities do not take responsibility for these memoins.”
This story was originally on Fortune.com
