BitMEX founder Arthur Hayes predicts that Donald Trump’s memecoin will unleash a true revolution. He thinks it is a matter of time before figures such as Beyoncé and Taylor Swift also come up with their own currency. “Get ready for an explosion of memecoins,” said Hayes.
$TRUMP memecoin to $100 billion
Furthermore, Arthur Hayes hopes that Donald Trump’s memecoin will rise to $100 billion today. “Degens, let’s honor the emperor by bidding his memecoin to $100 billion on Monday,” said the founder of BitMEX.
It should come as no surprise that Arthur Hayes is a fan of memecoins. After all, he is also the one who made trading with 100x leverage possible on his BitMEX.
At the time of writing, Trump’s token is trading at $58, while the project was trading above $70 earlier this weekend.
No one knows what will happen to the race in the coming days. It could be that we are going to Arthur Hayes’ target of 100 dollars, but an implosion is of course also a possibility.
In any case, $TRUMP now has a market cap of $11.7 billion according to CoinMarketCap.
More than a speculative asset?
Although most people don’t take $TRUMP seriously, Arthur Hayes sees it as a significant development. He thinks that meaning can be attached to these types of coins.
He sees it as a way in which politicians can intensify interaction with their supporters.
Of course, there’s something to be said for the fact that people who buy $TRUMP are likely to continue voting for him. The same will apply to the coins of other politicians.
In that respect, it could work as a way to attract people to you as a politician, artist or sportsman. On the other hand, it is of course also dangerous, because in theory it can also cause a lot of disappointment.
How? Well, if the coin is in danger of moving in the wrong direction.
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Source: https://newsbit.nl/arthur-hayes-maak-je-klaar-voor-een-explosie-van-memecoins/
