While the Memecoin fury continues in the crypto currency market, Cathie Wood, the founder and CEO of Ark Invest, has seriously warned those who invest in these popular beings. In an interview with Bloomberg, it is an important decision that the US Securities and the Stock Exchange Commission (SEC) did not accept Memecoins as securities. As Kriptokoin.com, we transfer the details.
Memecoin projects will not be supervised, the risk is investor! ”
Wood stated that SEC did not include the Memecoins within the scope of securities and that it gave a clear message that these assets are completely responsible for investors about the purchase and sale of these assets and said:
SEC said that he would not supervise Memecoins and gave investors ‘be careful’ message. I will give everyone who receives mecoin, the message is the same: be careful! Regulators have an open stance and this risk is the responsibility of the fields.
Wood said that the Memecoin market may experience a great collapse, while those who enter such investments will see the facts by experiencing serious losses.
“The Memecoins will sooner or later lose their value!”
According to Wood, most of the Memecoins will lose value in the long run. However, Bitcoin, Ethereum and Solana leading crypto assets will continue to strengthen and said:
There are millions of memecoin, and most of them will disappear over time. However, big players such as Bitcoin, Ethereum and Solana become increasingly more important. Usage areas are expanding and they will be even more critical in the future. Memecoins do not have the same value at this point.
“Can Trump’s Memecoin survive?”
Cathie Wood was asked whether the former US President Donald Trump’s Memecoin would also lose value over time. Wood acknowledged that some Memecoins might be a collection value, but still said that such tokens are risky investments in the long term. The famous CEO also said:
Some Memecoins will turn into digital collection objects over time. Maybe Trump’s Memecoin would be one of them. In general, however, there are millions of Memecoins on the market, and most of them will lose value over time.
Is the Memecoin market risky?
Cathie Wood’s statements show that memecoin investments have high risk and there is a huge possibility of loss as well as high earnings. It is recommended that investors should be careful in this market and turn to long -term projects. SEC’s decision not to organize the Memecoins is seen as one of the factors that make the future of these tokens uncertain.
