Su Zhu, CEO of crypto hedge fund Three Arrows Capital, says he is very optimistic about Dogecoin (DOGE) for several reasons. Su Zhu highlights that the meme coin has risen a lot.
Su Zhu: Dogecoin has managed to grab people's attention!
In a new episode of the Uncommon Core podcast, Su Zhu, CEO of Three Arrows Capital, says that the leading meme cryptocurrency has caught the attention of ordinary people outside the market better than any other cryptocurrency on the market. The crypto guru cites DOGE's massive dominance among retail investors on the popular Robinhood trading app, as an example of the meme coin's strong brand awareness. Su Zhu comments on the matter as follows:
I am very optimistic about Dogecoin. I've researched the community, researched what's going on and what kind of broader thesis is for people who have Doge, both normal people and investors... The best way to understand DOGE, I think, is Robinhood, the most blue-collar crypto investment style if you look at it. In addition, DOGE accounts for 60% of crypto revenues. And crypto accounts for 40% of Robinhood's revenue, so Robinhood is basically a DOGE proxy. And I think DOGE has four times more brand awareness than Ethereum in most communities in the US. Not talking like smart people, just talking about people...
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