Arthur Hayes, co-founder of BitMEX, predicts the approval of a Dogecoin ETF by the end of the current cycle, signaling significant momentum in the cryptocurrency market. Hayes notes that Dogecoin, as the oldest meme coin in the Web3 space, holds deep cultural significance and is actively traded on platforms like Robinhood in the US.
Hayes’ key arguments for the ETF approval include Dogecoin’s high market capitalization and its strong trading presence. He also addressed broader cryptocurrency topics, advising against panic selling and excessive leverage, and predicting that central bank policies could worsen inflation.
Additionally, Hayes forecasted that Aptos could surpass Solana in the L1-blockchain race, potentially becoming the second-largest first-layer network. His insights suggest that regulatory changes and macroeconomic factors will be crucial in shaping the future of the crypto market. These developments offer strategic guidance for investors navigating the evolving landscape.
