Trump Meme Coin Faces Criticism, But Cathie Wood Sees A Bold Future
After receiving a considerable backlash in the market recently, US President Donald Trump’s meme coin found an unlikely ally: Ark Investment’s CEO Cathie Wood. Related Reading: Crypto Traders Wrecked As Trump’s Tariffs Spark $2 Billion Liquidation In an interview with Bloomberg, Cathie Wood boldly claimed that launching Trump’s meme coin is good for the industry and signals a paradigm shift. Wood claimed its launch was a “meme coin moment” and would help the crypto industry establish its claim as a legitimate digital asset. She further compared Trump’s meme coin launch to the initial coin....
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Described by Bloomberg as the "best investor you've never heard of," Cathie Wood has made a string of smart, future-facing bets, including a big stake in Bitcoin.
The former BitMEX CEO, Arthur Hayes, is making a bold prediction for the TRUMP meme coin: it will outperform Bitcoin if market sentiment continues improving and politicians start leveraging meme cryptos. Related Reading: Cardano Price Balloons 107% As Whales Scoop Up 1.41 Billion ADA The TRUMP token was launched to coincide with US President Donald Trump’s inauguration and, in just a short time, became the fourth-largest meme coin by market capitalization. However, after hitting a peak of $75, the TRUMP meme coin dropped to below $20. Now, the asset is getting a second look, with....
Bitcoin is still up in price despite the recent dips and the predictions have not slowed down. If anything, they have become even more prominent. Famed CEO of ARK Invest Cathie Wood has always been bullish on Bitcoin. The CEO earlier in the year had given what some would call an optimistic prediction for the asset. But to Wood, this is not too optimistic. When asked about her prediction, Wood explained that she and her firm still stand by the prediction. Cathie Wood’s earlier prediction had seen the CEO putting a future forecast for the asset’s price at $500,000. Pointing to market....
Cathie Wood, the CEO of Ark Invest, in an interview with Yahoo Finance, provided a deep dive into the status and future prospects of a spot Bitcoin ETF. Her detailed insights offer a rare glimpse into the interactions with the Securities and Exchange Commission (SEC). Ark Invest’s SEC Engagement Wood described a significant shift in […]
Ark Investment Management CEO Cathie Wood expects the price of bitcoin to be more than $500,000 in five years’ time, which is over 10 times what it is today. She also shared her view on cryptocurrency regulation and Coinbase’s trouble with the U.S. Securities and Exchange Commission (SEC).
Cathie Wood’s Ark Invest Predicts $500K Bitcoin
Cathie Wood, the CEO of Ark Investment Management (Ark Invest), discussed bitcoin and crypto regulation in an interview at the SALT conference Monday. Wood is also the firm’s founder and CIO.
She was asked....