Arthur Hayes predicts: Dogecoin ETF to be listed this week, Aptos to flip Solana

BitMEX founder Arthur Hayes mentioned several viewpoints in an interview with Coin Bureau, addressing predictions that Aptos will surpass Solana. He stated that more details will be revealed in September of this year.

Not Trading Is the Best Strategy

Arthur Hayes mentioned in the opening segment of his crypto investment strategy that his approach is to focus on going long, holding without selling, and avoiding excessive leverage. He believes that everyone knows what they should do in investing, but they often fail to execute those actions.

For his fund, the standout projects of this cycle are Ethena ENA, with the second possibly being Etherfi and EigenLayer, among other Ethereum staking tokens. They have many other investments in this space, but he considers these two as the highlights of their current investment portfolio.

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Dogecoin ETF on the Horizon

Regarding the frenzy around meme coins, he gave the example of Singapore, where he always sees long queues in front of luxury brand stores like LV, Chanel, Gucci, with many of the people in line possibly not understanding fashion and yet willing to spend several months' worth of salary once inside.

He believes meme coins are similar in that one doesn't need a deep understanding of cryptocurrencies to invest, just as one doesn't need to be a fashion expert. If people are willing to queue for LV, they will surely sit in front of their computers to trade any trending meme coin.

Furthermore, Arthur Hayes pointed out that when this bull market cycle ends, a Dogecoin ETF will be launched. He emphasized that DOGE is the oldest meme coin in history, listed on Robinhood, and has maintained a high market value.

Hedge fund manager Raoul Pal also expressed agreement, stating that Dogecoin has outperformed Bitcoin in every cycle, and the trading demand for it may be higher than for an Ethereum ETF.

Aptos to Surpass Solana

Arthur Hayes predicted at the end of the show that Aptos will surpass Solana to become the second-largest L1 public chain in the future.

He believes this could happen in the current cycle but considers it a one to three-year cycle prediction. He will not divulge too much at the moment but will reveal more details in September of this year.