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Benzinga
Benzinga
Business
Adrian Zmudzinski

EXCLUSIVE: Crypto Holders Are Shifting From Bitcoin To Dogecoin And Shiba Inu, Exchange Executive Says

Crypto Shiba Inu Bitcoin Dogecoin

Steve Gregory — the CEO of cryptocurrency and tokenized asset exchange Currency.com — said the firm is seeing a gradual shift from its users holding Bitcoin (CRYPTO: BTC) towards meme coins such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).

What Happened: Gregory said "people are holding less bitcoin and moving to meme coins like Doge and Shiba." He theorized the reason could be that those assets are less correlated to traditional markets than Bitcoin.

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