Ark’s Invest Cathie Wood Believes TRUMP Coin Has Value: Here’s Why

Trump Coin has taken the marketplace by tempest arsenic of late. The token was launched hours earlier the authoritative statesmanlike ceremony. Nearly 14% of Americans dove caput consecutive into buying the aforementioned token. The token was launched astatine a strategically close time, leveraging the classical hype constituent of the cryptocurrency domain. Trump surged massively upon launch, hitting the $60 terms mark. However, it plunged backmost to beryllium astatine $34 astatine property time. In this wake, Cathie Wood, CEO of Ark Invest, has shared her thoughts astir the token. She added however the TRUMP coin whitethorn person inferior successful the agelong run.

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Cathie Wood’s Thoughts On TRUMP Coin

Source: ARK Investment Management

In an interrogation with Bloomberg, Cathie Wood, the Ark Invest CEO, shared her thoughts astir the rising Trump meme coin’s popularity. Woods spoke successful item astir the Trump coin, talking astir a rising speculation circulating. The rumor includes gathering President Donald Trump arsenic 1 of the meme coin’s utilitarian aspects.

“We shall see. I mean, determination is speculation that you’ll get to conscionable with the US president, Donald Trump, arsenic 1 of the utilities of owning the coin. I don’t cognize if that’s the case.” She aboriginal clarified

.@ARKInvest CEO and CIO Cathie Wood says we don’t cognize if President Trump’s memecoin holds overmuch utility, but Trump is “ushering successful the adjacent signifier of the crypto revolution.” She speaks with @scarletfu, @kgreifeld and @EricBalchunas connected “ETF IQ” https://t.co/YbD2ANk8TA pic.twitter.com/pxlEjL3ZUA

— Bloomberg TV (@BloombergTV) January 22, 2025

Woods was speedy to adhd however Trump is playing a pivotal relation successful unraveling the adjacent signifier of the crypto revolution.

“So acold we don’t cognize the inferior of this coin but that it is simply a meme coin of the president, Trump himself. In the aboriginal days of really, I deliberation helium is ushering successful the adjacent signifier of the crypto revolution.”

Cathie Wood said that TRUMP is simply a meme coin. She did not bargain it herself. She lone holds Bitcoin, Ethereum and Solana. However, she believes that TRUMP coin is not wholly worthless. It whitethorn symbolize a caller signifier of the cryptocurrency gyration and person definite practicality in…

— Wu Blockchain (@WuBlockchain) January 22, 2025

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The Meme Coin Is Aiming For $100

While Woods shared however she does not ain the meme coin herself, the statistical information for the meme coin tells a antithetic story. Per CoinCodex, the TRUMP coin is aiming for the agelong haul. It is eyeing the $100 terms mark. The coin whitethorn execute the aforementioned mark by mid-February 2025.

Source: CoinCodex

“According to our existent Official Trump terms prediction and is predicted to emergence by 219.46% and scope $ 106.52 by February 23, 2025. Per our method indicators, the existent sentiment is Bearish portion the Fear & Greed Index is showing 75 (Greed). Official Trump recorded 3/6 (50%) greenish days with terms volatility implicit the past 30 days. Based connected the Official Trump forecast, it’s present a atrocious clip to bargain the coin.”

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