The post Arthur Hayes Predicts Dogecoin Will Get An ETF This Cycle appeared on BitcoinEthereumNews.com.

Regulators will inevitably approve a Dogecoin ETF after both Bitcoin and Ethereum hit US public markets, according to BitMEX co-founder Arthur Hayes. During a Sunday interview alongside Real Vision CEO Raoul Pal, the two investors reviewed their favorite meme coin and crypto picks this cycle, as well as the top risks currently looming over the industry. Why Memecoins Will Keep WInning: Arthur Hayes According to Hayes, meme coins still have plenty of runway this cycle, with the market bound to get “even crazier” as the Federal Reserve and US Treasury print more and more money. “For the person who has just been initiated into crypto, it’s literally the easiest thing to understand,” said Hayes. “I don’t need to understand blockchain, and AI, and crypto, and cryptography.” In a blog post last week, Hayes argued that the time had come to “go long Bitcoin and subsequently shitcoins,” in response to back-to-back interest rate cuts by both the Bank of Canada and the European Central Bank. Historically speaking, low interest-rate environments bode well for stocks and Bitcoin, which causes capital to spill over into the riskier, more volatile memecoin market. Both Hayes and Pal said they’ve got parts of their portfolio locked up in dog-themed coins including Dogecoin (DOGE), BONK, and dogwifhat (WIF). The investors also agreed that Dogecoin would receive ETF approval in the United States by the end of the current bull market cycle. “It’s the oldest memecoin, it’s on Robinhood,” said Hayes. “If you’re thinking about Tradfi getting into crypto and they’re gonna put an ETF on anything they can, it’s a high market cap thing. “ Dogecoin is currently up 136% over the past year. Since launching in December, WIF has mooned by nearly 1600%. Trends To Watch This Cycle Regarding other cryptos, Pal said he’s “ninety percent”…

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Filed under: News - @ June 11, 2024 7:20 am