Arthur Hayes: Memcoin Support and Their Importance

Arthur Hayes, an investor and co-founder of the popular cryptocurrency platform BitMEX, has expressed his opinion on memcoins, urging the cryptocurrency community not to treat them as “stupid and worthless” assets. In his understanding, memcoins, despite their specifics, have a significant impact on the crypto industry.

According to Hayes, memcoins play an important role in the cryptocurrency world, attracting both new users and developers. He notes that these coins are attracting significant attention, which in turn contributes to the development of blockchain technology. Hayes also points to Ethereum and Solana as the most suitable platforms for memcoins, highlighting their potential value in the cryptocurrency ecosystem.

The entrepreneur is confident that interest in memcoins will continue in the future. He notes that young investors are particularly attracted to this type of asset due to their “gambler mentality.” Hayes also mentions creative marketing efforts that will promote memecoins, such as advertising the Dogwifhat (WIF) logo on the screen of the MSG Sphere entertainment complex in Las Vegas.

Hayes isn't the only one who sees potential in memcoins. Analysts at the investment company Franklin Templeton note the strong relationship of such coins with native blockchains and their impact on activity within the network. Let us recall that the Arbitrum community proposed the creation of a memcoin fund, which indicates the growing importance of this asset class in the cryptocurrency industry.