Bitcoin’s volatility is becoming increasingly aligned with traditional equities, signaling a maturing market structure, according to Duncan Moir, President of crypto asset manager 21Shares. In a recent media appearance, Moir emphasized that crypto assets, including Bitcoin and Dogecoin, are finding solid footing in diversified investor portfolios, especially amid broader market turbulence.
Bitcoin Volatility Now Comparable to Equities
Moir noted that despite global macroeconomic shocks, Bitcoin’s long-term volatility has declined, bringing it more in line with traditional financial assets. “We are at a point where volatility for Bitcoin is on par with equities,” he explained, pushing back against concerns that crypto remains inherently unstable.
This trend, he added, is largely driven by increasing institutional adoption, which has helped stabilize price fluctuations over time. Moir believes this growing acceptance is a critical step in crypto’s evolution from speculative asset to mainstream financial instrument.
Bitcoin Still Holds as an Inflation Hedge
While some critics have questioned Bitcoin’s efficacy as a hedge during periods of rising inflation, Moir defended the narrative, stating that the digital asset’s fixed supply continues to position it as a store of value. “The inflation hedge argument is still very much there,” he said, highlighting that new retail and institutional investors still view Bitcoin as a strategic asset for long-term preservation of capital.
Dogecoin Gets Institutional Recognition
Separately, Moir discussed the recent launch of a Dogecoin exchange-traded product (ETP) in Europe by 21Shares—a move that reflects rising interest in meme coins beyond the retail space.
The launch signals a notable shift in investor sentiment, as even riskier digital assets like Dogecoin begin receiving institutional wrappers, allowing easier access for traditional investors seeking diversified exposure to the broader crypto ecosystem.
