Cathie Wood on Trump Coin and the Future of Crypto
Bitcoin, Ethereum, and Solana.
Wood sees DeFi, largely built on Ethereum and Solana, as the next major growth area in the crypto industry, contrasting it with the speculative nature of meme coins. She also acknowledged Donald Trump's actions, such as launching a meme coin and appointing Paul Atkins as SEC Commissioner, as reflecting a strong commitment to advancing the crypto industry. Wood views these developments as indicative of a broader effort to regulate digital assets in a way that promotes innovation while ensuring compliance.
In summary, Cathie Wood believes that meme coins like Trump Coin are a passing trend, while established cryptocurrencies with strong ecosystems and utility, like Bitcoin, Ethereum, and Solana, represent the future of the industry. She also sees DeFi as a major growth area and believes that regulatory efforts will focus on promoting innovation while ensuring compliance.