The combination of blockchain technology and artificial intelligence is creating “millions” of meme cryptocurrencies that “are not going to be worth very much”

The combination of blockchain technology and artificial intelligence is creating “millions” of meme cryptocurrencies that “are not going to be worth very much”, the Ark Investment Management

The combination of blockchain technology and artificial intelligence is creating “millions” of meme cryptocurrencies that “are not going to be worth very much”, the Ark Investment Management founder and chief executive said.

In an interview with Bloomberg Television on Saturday (March 18), Ms Cathie Wood said that her private funds are not putting money into these coins.

Memecoins are a type of digital asset often inspired by jokes, current events or trends in popular culture.

Earlier this year, the US Securities and SEC said that memecoins are not considered securities, so they will remain unregulated.

“If I have one message for those listening who are buying memecoins: buyer beware,” said Ms Wood. “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 memecoins.”

The digital tokens made headlines days after US President Donald Trump took office, when he launched a memecoin of himself.

The coin attracted billions of dollars of trading volume in a short span of time, but has since plummeted in value.

Ms Wood said that these memecoins will become “digital collectors’ items”.

“I think some of them will withstand the judgment of time and some of them won't. I wouldn't be surprised if the Trump memecoin is one of the ones that does.”

Ms Wood also reiterated her bullish view on larger, more established crypto assets.

She said that the use cases for Bitcoin, Ether and Solana are “multiplying” and will become important in the future.

The investor has previously said that Bitcoin could hit US$1 million by 2030.

The world’s largest cryptocurrency based on value is currently hovering under US$82,000, down about 13 per cent so far in 2025.