Cathie Wood Was Asked If She Would Buy TRUMP Coin, Here’s What She Said – Grayscale Bitcoin Mini Trust (BTC) Common Units of Fractional Undivided Beneficial Interest (ARCA:BTC)
Kathy WoodFounder of asset management company Ark Investmentexpressing uncertainty about the president’s effectiveness Donald Trump’s On Wednesday, she added that her company had avoided memecoin investments.
what happened: In an interview with Bloomberg TV, Wood will launch Trump official (Trump) as part of the “meme coin moment,” but only time will tell if it somehow becomes useful.
“I mean, there’s speculation that you’re going to meet President Trump, and that’s one of the benefits of owning this coin. I don’t know if that’s the case. But as of now, we don’t know how useful this coin is, just Know it’s President Trump’s meme coin,” the veteran investor said.
Still, Wood noted that the launch could signal “the next phase of the cryptocurrency revolution.”
When asked if he would buy cryptocurrencies, Wood responded that Ark Invest would largely stay away from memecoins, instead focusing on the “big three,” namely Bitcoin Bitcoin/USD, Ethereum Ethereum/USDand Solana Sol/USD.
See: Michael Saylor’s Proposal to Increase MicroStrategy Shareholdings Gains Shareholder Approval — Could More Bitcoin Be Purchased?
why it’s important: The meme coin launched last weekend has seen wild swings in price and capitalization.
At its peak, the token’s fully diluted valuation was close to $75 billion, far exceeding that of many well-known public companies. As of this writing, the valuation has halved to $36.79 billion.
Affiliated entities this Trump Organization Control 80% of the token supply. When President Trump was asked about the “billions and billions” of dollars made from meme coins, he dismissed them as “insignificant.”
price action: At the time of writing, Trump was trading at $36.59, down 11.94% in the past 24 hours, according to CoinMarketCap.
Image from Flickr
Read next:
Market news and data brought to you by Benzinga API
© 2025 Benzinga.com. Benzinga does not provide investment advice. all rights reserved.
