In an interview with CNBC channel, Momer noted that the current volatility of the cryptorrhist is actually more restrained than many traders complain – macroeconomic shocks affected other markets much more. Most likely, the cryptoine is resonated from traditional assets, Moir suggested. He insists that the long-term volatility of bitcoin is declining, especially after more and more large lawyer companies began to buy it.
“In fact, we are at the point where the volatility of bitcoin is equated with shares. The argument about the hedge of inflation is also relevant. Bitcoin has a fixed supply of coins, so new investors entering the market will consider it an effective means of saving, ”said the President of 21Shares.
Moir also mentioned the Exchange Product (ETP), recently launched by 21Shares in Europe. Previously, investors doubted that the company would launch the ETP on DOGE, due to the strong volatility of token and its unusual origin. However, Moir called the company’s decision strategic and timely. ETP, allowing investors to access Dogecoin through a traditional financial product, is aimed at long -term holders, and not at short -term speculators.
“Dogecoin has interesting properties. It was launched as a funny social token on dog theme, but now it is developing towards international payment currency. There are already real cases of DOGE use for payments by large companies, ”Moir explained.
A few years ago, the Airbaltic Latvian airline began to accept payments for flights on ETH and DOGE cryptocurrencies. Later, the Towson Porsche dealer in Maryland began to conduct calculations in the cryptoactives of Doge and Shib.
Source: Bits
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