In an interview with Bloomberg Television, Wood noted that millions of memeen tokens are now being created, combining blockchain and artificial intelligence (AI) technologies. However, it can hardly be expected that these tokens will cost expensive – even private funds do not invest in them.
“I have a message for those who buy memcoirs: be careful. On the other hand, it is better to lose money so that people remove the lesson. Then they will understand that American regulators do not take responsibility for compensation for other people’s losses due to investments in memcoirs, ”said Wood.
She believes that memcoirs will become digital collecting items, and only a few “withstand the test of time”. One of them may be Trump token, launched by US President Donald Trump. Soon after the launch, the coin attracted billions of dollars, but since then it fell sharply in price. Now Trump is trading for $ 11, and its market capitalization is $ 2.21 billion.
At the same time, Wood is optimistic against large cryptocurrencies that have long existed in the market. There are many options for using bitcoin, etherium and Solana, so these blockchains will be in demand in the future, Wood believes. Earlier, she repeatedly predicted that by 2030, bitcoin could exceed $ 1 million.
In February, the US Securities and Exchange Commission (SEC) announced that memcoirs are not considered securities, since their cost depends on market moods, and not on the entrepreneurial efforts of issuers.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
