\u201cWhat we think will happen is there will be some fearsome declines in the prices of some of these meme assets and there\u2019s nothing like losing money for people to learn. Now learn that the SEC and regulators are not taking responsibility for these memecoins.\u201d<\/em><\/p>\nWood says that while the leading crypto assets are bound to become more valuable, this is not the case for the large majority of memecoins.<\/p>\n
\u201cThe millions of memecoins will probably end up worthless. When we\u2019re talking about the big three \u2013 Bitcoin, Ethereum, Solana, the use cases for those are multiplying and we think they\u2019re going to become very important in the years ahead. Memecoins, not so.\u201d<\/em><\/p>\nWood also shares her thoughts on whether President Donald Trump\u2019s memecoin will also become worthless.<\/p>\n
\u201cMemecoins will be collector\u2019s items \u2013 digital collector\u2019s items. Of course, some will withstand the judgment of time and that may be one of them, but our working assumption is that when you\u2019re talking about millions of memecoins, you know that that\u2019s just a step too far and most of them are not going to be worth very much.\u201d<\/em><\/p>\n