Former BitMEX CEO, Arthur Hayes, known for his trading prowess and predictions, recently shared his thoughts on the future of Dogecoin (DOGE) and the possibility of an ETF being approved. Hayes believes that Dogecoin’s popularity is undeniable, and institutional investors are eager to enter the cryptocurrency market, making the approval of a Dogecoin ETF inevitable following the approval of Bitcoin and Ethereum ETFs by regulators.
In a conversation with Real Vision CEO Raoul Pal and Jessica Walker, Hayes highlighted the significant role that Dogecoin and other cryptocurrencies play in the US elections. He emphasized that meme coins like DOGE have a promising future ahead, especially with the Federal Reserve and the US Treasury continuing to print more money, fueling further interest in the cryptocurrency market.
Hayes and Pal expressed their belief that investors are eagerly anticipating the approval of a Dogecoin ETF in the US by the end of the current bull market cycle. Hayes pointed out that Dogecoin’s status as the oldest meme coin on Robinhood makes it a compelling investment for traditional finance institutions looking to diversify into the crypto space.
Both Hayes and Pal revealed that memecoins like Dogecoin, BONK, and Dogwifhat are part of their investment portfolios. Additionally, Hayes made a bold prediction that Aptos (APT) could surpass Solana (SOL) in market cap ranking within the next 1 to 3 years, although he made it clear that this is not investment advice.
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