Is Dogecoin (DOGE) ETF Next? Famous Name Announces His Altcoin Portfolio!
Release: 2024/06/11 19:04 Reading: 867
New Statements from Former BitMEX CEO Arthur Hayes
Former BitMEX CEO Arthur Hayes, known for his successful trades and market insights, has shared his views on Dogecoin (DOGE).
Hayes believes the popularity of DOGE has rendered it impossible for institutions to ignore as they enter the cryptocurrency market. He speculates that upon regulatory approval for Bitcoin (BTC) and Ethereum (ETH) ETFs, Dogecoin will also receive ETF approval.
Hayes emphasizes the significant role cryptocurrencies, including memecoins like DOGE, are playing in the US elections. He predicts a bullish trajectory for memecoins, supported by the expansionary monetary policies of the FED and US Treasury.
Hayes' Predictions for Dogecoin ETFs
Hayes anticipates investors to expect US ETF approval for Dogecoin by the end of the current bull market cycle. He elaborates on this prediction:
"Dogecoin is the oldest memecoin on Robinhood. If traditional finance is getting into crypto, they're going to put ETFs on everything they can, and it's a high market cap thing."
Hayes and Real Vision CEO Raoul Pal disclose that they have memecoins such as DOGE, BONK, and Dogwifhat (WIF) in their portfolios.
Additionally, Hayes recently projected that Aptos (APT), currently ranked 27th by market capitalization, will outpace Solana (SOL) within the next 1-3 years.
Disclaimer: This information should not be construed as investment advice.
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