Ark’s Invest Cathie Wood Believes TRUMP Coin Has Value: Here’s Why
Trump Coin has taken the market by storm as of late. The token was launched hours before the official presidential ceremony. Nearly 14% of Americans dove head straight into buying the aforementioned token. The token was launched at a strategically right time, leveraging the classic hype element of the cryptocurrency domain. Trump surged massively upon launch, hitting the $60 price mark. However, it plunged back to sit at $34 at press time. In this wake, Cathie Wood, CEO of Ark Invest, has shared her thoughts about the token. She added how the TRUMP coin may have utility in the long run.
Cathie Wood’s Thoughts On TRUMP Coin
In an interview with Bloomberg, Cathie Wood, the Ark Invest CEO, shared her thoughts about the rising Trump meme coin’s popularity. Woods spoke in detail about the Trump coin, talking about a rising speculation circulating. The rumor includes meeting President Donald Trump as one of the meme coin’s utilitarian aspects.
She later clarified
.@ARKInvest CEO and CIO Cathie Wood says we don’t know if President Trump’s memecoin holds much utility, but Trump is “ushering in the next phase of the crypto revolution.” She speaks with @scarletfu, @kgreifeld and @EricBalchunas on “ETF IQ” https://t.co/YbD2ANk8TA pic.twitter.com/pxlEjL3ZUA
— Bloomberg TV (@BloombergTV) January 22, 2025Woods was quick to add how Trump is playing a pivotal role in unraveling the next phase of the crypto revolution.
Cathie Wood said that TRUMP is a meme coin. She did not buy it herself. She only holds Bitcoin, Ethereum and Solana. However, she believes that TRUMP coin is not completely worthless. It may symbolize a new stage of the cryptocurrency revolution and have certain practicality in…
— Wu Blockchain (@WuBlockchain) January 22, 2025
The Meme Coin Is Aiming For $100
While Woods shared how she does not own the meme coin herself, the statistical data for the meme coin tells a different story. Per CoinCodex, the TRUMP coin is aiming for the long haul. It is eyeing the $100 price mark. The coin may achieve the aforementioned mark by mid-February 2025.
