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New statements came from BitMEX former CEO Arthur Hayes, who attracted the attention of investors with his trades and predictions.
Speaking about Dogecoin (DOGE) this time, Hayes claimed that Dogecoin is so popular that funders cannot ignore it as institutions want to enter the cryptocurrency industry.
Interviewed by Jessica Walker alongside Real Vision CEO Raoul Pal, Hayes believes that once regulators approve both the Bitcoin (BTC) and Ethereum (ETH) ETFs, they will inevitably approve the Dogecoin ETF as well.
Stating that Dogecoin and cryptocurrencies have a critical role in the US elections, the famous name said that memecoins such as DOGE have a long way to go.
Stating that the FED and the US Treasury will print more and more money, Hayes stated that this will make the cryptocurrency market even crazier and more popular.
Raoul Pal and Hayes said investors expect Dogecoin to receive U.S. ETF approval by the end of the current bull market cycle.
Hayes had this to say about DOGE ETFs:
“Dogecoin is the oldest memecoin on Robinhood.
“If you're looking at Tradfi getting into crypto and they're going to put ETFs on everything they can, it's a high market cap thing.”
Both Hayes and Pal said memecoins such as Dogecoin (DOGE), BONK, and Dogwifhat (WIF) make up part of their portfolios.
Arthur Hayes recently predicted that Aptos (APT), the 27th ranked cryptocurrency by market cap, will surpass Solana (SOL) in the next 1 to 3 years.
*This is not investment advice.