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Cathie Wood: TRUMP Token as Part of Crypto Industry's Next Phase, Could Have Future Utility

BlockBeats News, January 23rd, ARK Invest CEO Cathie Wood stated in a Bloomberg TV interview that although the utility of the TRUMP token is currently unclear, Trump is leading the next stage of the cryptocurrency revolution. Wood mentioned that she only holds "the big three mainstream coins" (BTC, ETH, and SOL) and will not be purchasing TRUMP. However, she does not see this as a negative thing and believes that the token, as part of a new stage in the crypto industry, may have utility in the future.

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Ark is also closely watching the development of Ethereum and has already laid out.
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"Bitcoin consumes only a fraction of the energy it needs to mine gold and maintain its traditional financial infrastructure."
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