Bitcoin volatility aligns with stocks, Dogecoin gets ETP boost, says 21Shares exec

Despite the recent market turbulence, the president of 21Shares, Duncan Moir, says that cryptographic assets, including Bitcoin and Dogation, continue to offer precious long -term diversification and gain momentum as legitimate components of investor portfolios.

Speaking on CNBC Monday morningMoir approached both the macro backdrop affecting Bitcoin (BTC) and the launch by the company of a Dogecoin (DOGE) Negotiated product in Europe.

Moir said that the volatility crypto was more moderate than some people thought, given the extent of macroeconomic shocks affecting other markets. On the contrary, volatility in the crypto is “to move in accordance with wider assets”.

He stressed that the long -term volatility of Bitcoin has decreased, especially since more institutional beneficiaries are part of the space. In fact, we are at a point where “volatility for bitcoin that is equal to the actions,” he added.

While criticism argues that the behavior of Bitcoin during inflationary peaks undermines its coverage status, Moir does not agree.

“The argument of inflation coverage is still there,” he said. “Bitcoin has a fixed offer, and we expect it to continue to be considered a reserve of value by new investors who arrive on the market.”

Dogecoin Timing

Moir also discussed 21Shares’ Recent launch of an ETP Dogecoin in EuropeA movement some questioned due to the historical volatility of the memes play and the unconventional origins. Moir defended the decision both strategic and timely.

“Dogecoin has particularly interesting properties,” he said. “It started as a fun social token with a perfect product market adjustment, but it changes to a global payment currency. We now see real use cases by large companies. ”

He added that ETP, which allows investors to access Dogecoin via a traditional financial product, aims at long -term holders, not short -term speculators.

“Whether it is an UP market or a declining market, it didn’t really matter for us,” he said. “We want to make the investment in cryptography as easy as the purchase of a stock.”

Moir stressed that the Dogecoin product of 21Shares is the result of a rare and officially approved partnership with the Dogecoin community – which has signed the growing institutional interest in the sixth largest cryptocurrency by market capitalization.

“We are really delighted with this partnership because it is very unique,” he said. “You generally do not see these types of arrangements officially approved and exclusive.”