Cathie Wood: TRUMP is part of the encryption revolution, and there may be practicality in the future

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PANews January 23 news, ARK Invest CEO and CIO Cathie Wood said in an interview with Bloomberg TV: "We don't know how much practicality President Trump's Meme coin has, but Trump is leading the next stage of the cryptocurrency revolution." Additionally, Bloomberg analyst Eric Balchunas posted on the X platform, "We asked Wood about TRUMP's views, and she said it's a form of memes. She herself wouldn't buy it because she only holds BTC, ETH, and SOL, but she doesn't think it's something terrible, considering it's part of the new phase that is coming and will have some utility in the future."

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