Despite Recent Market Turbulence, 21Shares President Duncan Moir Says Crypto Assets Continue to Offer Valuable Long-Term Diversification

Despite recent market turbulence, 21Shares President Duncan Moir says crypto assets, including Bitcoin and Dogecoin, continue to offer valuable long-term diversification

Recent market turbulence has affected crypto assets, but they continue to offer valuable long-term diversification and are gaining momentum as legitimate components of investor portfolios, according to 21Shares President Duncan Moir.

Appearing on CNBC Monday morning, Moir addressed both the macro backdrop affecting Bitcoin (BTC) and the firm’s launch of a Dogecoin (DOGE) exchange-traded product in Europe.

Some may be surprised by the lack of panic in crypto assets despite the staggering scale of macroeconomic shocks affecting other markets, but Moir stated the volatility striking crypto has been more subdued than some may think.

Instead,had no material impact on crypto prices, and overall, we’re just moving in line with broader assets.”

Long-term perspective

The host noted that Bitcoin’s long-term volatility has been decreasing, particularly as more institutional allocators enter the space. In fact, at this point, we are at a point where “volatility for Bitcoin that is on par with equities,” according to Moir.

While critics argue that Bitcoin’s behavior during inflationary spikes undermines its hedge status, Moir disagreed.

“The inflation hedge argument is still very much there,” he said. “Bitcoin has a fixed supply, and we expect it to continue to be seen as a store of value by new investors coming into the market.”

Asked about the timing of launching a Dogecoin ETP in Europe, given the meme coin’s historic volatility and unconventional origins, Moir said the move is both strategic and timely.

“Dogecoin has particularly interesting properties,” he said. “It started as a fun social token with perfect product-market fit, but it’s evolving toward a global payments currency. We’re seeing real use cases by large corporates now.”

The ETP, which allows investors to access Dogecoin through a traditional financial product, is aimed at long-term holders, not short-term speculators, he added.

“Whether it was an up market or a down market, it didn’t really matter to us,” said Moir. “We want to make crypto investing as easy as buying a stock.”

Moir highlighted that 21Shares’ Dogecoin product is the result of a rare, officially endorsed partnership with the Dogecoin community—highlighting the growing presence of institutions in the crypto sphere.

“We’re really excited about this partnership because it’s highly unique,” he said. “You do not usually see these sorts of officially endorsed and exclusive arrangements.”