Arthur Hayes, the former BitMEX CEO, is betting big on the TRUMP meme coin. He thinks it could actually outperform Bitcoin if things go right.
Hayes’ Bold Prediction
Hayes believes that meme coins are becoming serious political tools, useful for campaigning and getting attention. He predicts the 2026 midterms will be a huge moment for crypto, with more politicians jumping on the meme coin bandwagon. He sees political meme coins, especially TRUMP, as a unique mix of politics and entertainment. If the market improves, he thinks TRUMP will skyrocket before Bitcoin does. He points to TRUMP’s 80% drop from its peak and Bitcoin’s struggles to break $110,000 as reasons why.
Will Other Politicians Follow Suit?
Hayes even thinks other world leaders might get in on the action, suggesting Xi Jinping of China as a potential candidate. He reasons that Xi might launch a meme coin to boost his popularity. However, Hayes cautions that future political meme coins might not be as successful as TRUMP.
Why TRUMP is Different
In a chat with Scott Melker, Hayes highlighted the shift towards highly liquid meme coins. But he emphasized that only Trump could pull off a project like this. Future attempts might face problems because of stricter community expectations, like demands for fairer launches and token distributions. Melker agreed, pointing out that the TRUMP coin’s tokenomics are more like a security than a typical meme coin. People are buying it because of Trump, not because of its inherent value.
