Cathie Wood, the CEO of U.S. wealth management firm ARK Invest, remains loyal to Bitcoin, Ethereum and Solana. From the Trump Memecoin, however, she prefers to keep her distance. She announced this in a interview with the American medium Bloomberg.

Explosive growth of Trump Memecoin

Last week, the value of Trump Memecoin ($TRUMP) increased by more than 10,000% just hours after its launch. Currently, the coin ranks 25th among all cryptocurrencies in terms of market capitalization.

Reminder of previous Memecoin hypes

During the Jan. 22 interview, Wood looked back at the origins of Memecoins, which began their rise with ICOs (Initial Coin Offerings) in 2017 and projects such as CryptoKitties. She placed critical questions about the utility of the coin associated with the 47th president of the United States. At the same time, she suggested that Trump may be ushering in a new phase of the "crypto-memecoin revolution."

Focus on the 'Big Three'

"We have always kept away from Memecoins until now and are sticking with the Big Three," Wood said in the interview. The "Big Three" refers to Bitcoin, Ethereum and Solana, in which ARK Invest has invested heavily. Wood emphasized that she sees a lot of potential in Decentralized Finance (DeFi), which is a major reason for her confidence in these large crypto projects.

Innovation and artificial intelligence

Although Wood has no plans to invest in the Trump Memecoin, she expressed to Bloomberg her admiration for the innovative capabilities of the current U.S. administration. She emphasized that this administration can be "incredible for innovation."

She also expressed optimism about the growth of artificial intelligence. Like Nvidia CEO Jensen Huang, she expects AI to become a major growth area in the near future.

ARK Invest thus continues to follow a clear strategy by focusing on established cryptocurrencies and innovative technologies, while distancing itself from hype around Memecoins like Trump's.