By Tyler S - Wallet Specialist - 26-08-2021
The CEO of Three Arrows Capital, Su Zhu, recently discussed the topic of buying Dogecoin (DOGE) on a podcast episode. In an episode dubbed "The Game Theory of Crypto Podcast," the CEO stated that he is interested in the meme cryptocurrency as it is an easy crypto concept to learn. In the podcast, Zhu can be heard making comparisons between buying and selling DOGE versus other altcoins available. When comparing Dogecoin against the market, Zhu made a statement that the meme coin is a real head-turner for "blue-collar" traders.
Further along in the podcast episode, Zhu begins talking about companies that exchange crypto, one especially well-known app he mentions is Robinhood. According to Zhu, Robinhood's most recent report for the second quarter revealed that DOGE investments had made 62% of the company's revenue.
The CEO of the hedge fund manager further stated that to claim DOGE as a ‘working man's currency’, people need to first consider Robinhood as a "blue-collar style" of investing in cryptocurrency. Zhu theorised that because DOGE has taken most of the exchanges’ crypto revenue, this would make Robinhood a DOGE proxy.
When comparing exchange platforms, Zhu began discussing DOGE on Coinbase. Zhu mentioned that a few days prior to the podcast interview, Ether's (ETH) volume was surprisingly lower than DOGE. Another point that Zhu made was that even Elon Musk, CEO of Tesla, only proved Zhu's previous statement by stating that Dogecoin is the "people's crypto."
If you are looking to Buy and Sell DOGE, then you can head over to BC Bitcoin where you can safely start trading today.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
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