Jason Lau, chief operating officer of the popular Bitcoin and cryptocurrency exchange OKCoin, says anyone investing in Dogecoin (DOGE) should be ready for a wild and volatile journey.
Chief operating officer of OKCoin: Dogecoin is still a profitable trade for some
Jason Lau, chief operating officer of the Bitcoin and crypto exchange OKCoin, told Kitco that he believes the Wall Street Bets community on Reddit continues to show high interest in cryptocurrency, which initially started as a meme. According to Jason Lau, as institutions have not shown much interest in Dogecoin, investors expect greater fluctuations in altcoin and short-term profit opportunities. Jason Lau adds the following to his comments on the subject:
Obviously it’s fun and people are getting behind it and spreading the message, you know, it’s about a dog. It’s fun to talk about it. Dogecoin has a very high virality… Dogecoin in the last seven days is still positive compared to Bitcoin or Ethereum. It’s still a profitable trade for some, at least on a weekly basis.
Jason Lau: Anyone investing in Dogecoin must be ready for an extremely wild and volatile journey!
Jason Lau says mainstream crypto adoption is coming and he is envisioning similar regulations across the line of tech companies. Also, Jason Lau says that the idea that Bitcoin and cryptocurrencies are widely used for illegal activity is exaggerated. Jason Lau adds the following to his comments on the subject:
Bitcoin and Blockchain transactions are transparent and on an open blockchain. So everyone can go in and have a look at what’s going on… As the government and organizations understand this, this angle of the Bitcoin attack or FUD will dissipate.
OKCoin COO Jason Lau also emphasizes that anyone investing in Dogecoin (DOGE) should be ready for an extremely wild and volatile journey.