In a recent analysis, a pseudonymous crypto expert who goes by @itsALLrisky on X (formerly Twitter) presented a compelling case for Dogecoin’s sovereignty, asserting that the popular meme coin may thrive without the need for a Dogecoin ETF. 

在最近的一项分析中，一位在 X（以前称为 Twitter）上使用 @itsALLrisky 的匿名加密货币专家为狗狗币的主权提出了令人信服的案例，声称流行的模因币可能会在不需要狗狗币 ETF 的情况下蓬勃发展。

Why Dogecoin Does Not Need An ETF

为什么狗狗币不需要 ETF

The popular Dogecoin enthusiast recently took to X (formerly Twitter) to outline an extensive list of why Dogecoin, a meme-based cryptocurrency would succeed without joining the ETF hype. 

这位受欢迎的狗狗币爱好者最近在 X（以前称为 Twitter）上概述了为什么狗狗币（一种基于模因的加密货币）在不加入 ETF 炒作的情况下会取得成功的原因。

According to the crypto expert, Dogecoin’s inherent status as a meme coin would significantly deter it from being completely acknowledged by renowned financial institutions. As a result, the possibility of the cryptocurrency becoming an ETF is unlikely.

这位加密货币专家表示，狗狗币作为模因币的固有地位将极大地阻碍其获得知名金融机构的完全认可。因此，加密货币成为 ETF 的可能性不大。

Additionally, if Dogecoin maintains its value as a digital currency rather than transforming into an institutional investment, it could potentially flourish through widespread adoption for everyday transactions and purchases on a global scale.

此外，如果狗狗币保持其作为数字货币的价值而不是转变为机构投资，那么它可能会通过在全球范围内广泛采用日常交易和购买而蓬勃发展。

“Those expecting a Dogecoin ETF to follow on Bitcoin’s heels shouldn’t get their hopes up. For Doge to rise, it will have to succeed as a grassroots form of money, adopted by regular humor-loving folk for everyday purchases,” the analyst said. 

“那些期待狗狗币 ETF 追随比特币脚步的人不应该抱太大希望。为了让 Doge 崛起，它必须作为一种草根货币形式取得成功，并被喜欢幽默的普通人用于日常购买，”这位分析师表示。

He added:

他加了：

“Dogecoin’s issuance schedule, low transactional fees, and broad humorous appeal make it ideally suited to be used as a form of cash. More than Bitcoin, Doge is built to move, and that movement is its lifeline.”

“狗狗币的发行时间表、低廉的交易费用和广泛的幽默吸引力使其非常适合用作现金形式。与比特币不同，Doge 是为了移动而生的，而这种移动就是它的生命线。”

Effects Of Spot Bitcoin ETFs On BTC

现货比特币 ETF 对 BTC 的影响

In his lengthy analysis of Spot Bitcoin ETF, the crypto expert explained how Spot Bitcoin ETFs could potentially diminish Bitcoin’s value as a transactional currency. 

在对现货比特币 ETF 的长篇分析中，这位加密货币专家解释了现货比特币 ETF 如何可能削弱比特币作为交易货币的价值。

“Perhaps the most interesting perspective on ETFs came from crypto OG Arthur Hayes, founder of the BitMex exchange. Hayes warned that if ETFs become too successful, they will destroy Bitcoin as a transactional currency. The reason for this is banks could gobble up millions of Bitcoins, which would then sit inertly in investment vehicles,” the crypto expert stated. 

“也许关于 ETF 最有趣的观点来自 BitMex 交易所创始人、加密货币 OG Arthur Hayes。海耶斯警告说，如果 ETF 过于成功，它们将摧毁比特币作为交易货币的地位。原因是银行可能会吞掉数百万比特币，然后这些比特币就会呆在投资工具中，”这位加密货币专家表示。

The excitement surrounding the potential approval of Spot Bitcoin ETF could be attributed to the expectations that a Spot Bitcoin ETF could trigger a major rally in the price of Bitcoin. Furthermore, since these investment assets could provide more liquidity for Bitcoin, it may enable a safer form of digital asset investments for investors. 

围绕现货比特币 ETF 可能获得批准的兴奋可能归因于人们对现货比特币 ETF 可能引发比特币价格大幅上涨的预期。此外，由于这些投资资产可以为比特币提供更多的流动性，因此可能为投资者提供更安全的数字资产投资形式。

Despite these advantages, the Dogecoin enthusiast has disclosed significant drawbacks that could follow the launch of a Spot Bitcoin ETF.

尽管有这些优势，这位狗狗币爱好者还是透露了现货比特币 ETF 推出后可能存在的重大缺陷。

“A Bitcoin ETF would be a huge step forward for cryptocurrency, signaling acceptance from the most prestigious financial institutions in the world. But progress doesn’t come without drawbacks: the advent of Bitcoin ETFs probably won’t improve Bitcoin’s standing as a form of digital money traded for goods and services. It might even hurt it,” he explained. 

“比特币 ETF 将是加密货币向前迈出的一大步，标志着世界上最负盛名的金融机构的接受。但进步并非没有缺点：比特币 ETF 的出现可能不会改善比特币作为一种用于商品和服务交易的数字货币形式的地位。它甚至可能会伤害它，”他解释道。

Overall, the denial or approval dates of the Spot Bitcoin ETF are fast approaching and scheduled for January 10.

总体而言，现货比特币 ETF 的拒绝或批准日期即将到来，预定日期为 1 月 10 日。