Ah, the delightful dance of volatility! It seems 21Shares President Duncan Moir, ever the voice of reason, assures us that despite the chaotic rumblings in the market, cryptocurrencies like Bitcoin and Dogecoin continue to shine as dazzlingly brilliant assets in one’s portfolio. These gems, Moir claims, are not merely passing fancies but rather long-term diversifiers for the savvy investor. How charming! 💎
Speaking on CNBC (oh, how splendid), Moir elegantly addressed the global economic chaos affecting Bitcoin (BTC) and, of course, the firm’s shiny new Dogecoin (DOGE) exchange-traded product in Europe. What a thrilling world we live in!
According to Moir, the volatility we see in crypto is not as dramatic as some might imagine. In fact, it’s moving in sync with the broader markets, darling! If you can’t beat them, join them, right? 🕺
He went on to reveal that Bitcoin’s long-term volatility has actually calmed down, especially as institutional investors have decided to dip their toes in this vast digital ocean. Imagine that! A calm sea where Bitcoin’s volatility mirrors that of equities. Quite the shocker, one would say! 😏
As for those critics who persist in questioning Bitcoin’s role as a hedge against inflation, Moir is having none of it. To his chagrin, they simply haven’t got the memo.
“The inflation hedge argument is still very much there,” he remarked, with a polite but firm smile. “Bitcoin has a fixed supply, and we fully expect it to continue as a store of value for new investors.” Quite the proclamation!
Ah, the Dogecoin Delight!
Moving on to the pièce de résistance: 21Shares’ recent launch of the Dogecoin ETP. A move some might say is slightly daring, considering the meme coin’s rollercoaster history. But not to worry—Moir is all in on it, and he defends the decision with the grace of a ballroom dancer twirling around the room.
“Dogecoin has particularly interesting properties,” he noted, almost wistfully. “It started as a fun little token, but look at it now! It’s evolving into a global payment currency. Even large corporates are using it!” Well, well, well!
Moir further explained that the ETP, which allows investors to access Dogecoin through a traditional financial product, is crafted for long-term holders, not the fleeting speculators chasing the latest trend. How civilised! 💼
“Whether the market is up or down, it doesn’t faze us,” he said, with a wink. “Our goal is to make crypto investing as easy as buying a stock.” Ah, the simplicity of it all! 😌
And, just to top it off, Moir was positively beaming when he talked about the rare, officially endorsed partnership with the Dogecoin community. A partnership so exclusive, it’s practically a royal engagement! 👑
“We’re really excited about this partnership because it’s highly unique,” he said, almost as though he was announcing a new Broadway show. “You don’t usually see these sorts of officially endorsed and exclusive arrangements.” Oh, the drama!
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2025-04-14 18:42