Cathie Wood: Trump Memecoin Signals Crypto’s Next Phase, But Not Investing

Quick Summary:

Cathie Wood, CEO of ARK Invest, has weighed in on President Donald Trump’s TRUMP memecoin, acknowledging its role in the evolving cryptocurrency landscape.

Speaking via Bloomberg’s Eric Balchunas on X (formerly Twitter), Wood emphasized that while she doesn’t see immediate utility in the token, it reflects the next phase of crypto’s development.

Cathie Wood’s comments on the TRUMP memecoin highlight its symbolic importance in the evolution of the cryptocurrency market.

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Article Details

Author / Journalist: Editor Team

Category: Crypto

Markets: India

Topics: Cathie Wood Cathie Wood Trump Memecoin Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-23 @ 16:14:39 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 25373930

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