Cathie Wood Warns of 'Fearsome Declines' for Meme Coins, Highlights Investor Risks

The Ark Invest CEO predicts most meme coins will lose value but acknowledges their potential as digital collectibles in an unregulated market.

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.