Crypto bull calls dogecoin a mania and a bubble, says her firm hasn’t touched it

The meteoric rise of dogecoin this year is "definitely a mania," crypto bull Meltem Demirors told CNBC on Monday, saying there's a reason her digital asset investment firm has stayed away.Dogecoin, which was started as a joke in 2013, became popular on social media around the time of the Reddit-fueled trading frenzy involving GameStop and a few other so-called meme stocks. Tesla CEO Elon Musk and other celebrities have posted favorably about dogecoin, too."It's a classic sort of bubble, in my view," said Demirors, chief strategy officer at CoinShares. "I'm not saying it's good or bad. ... Dogecoin is not for me. My firm does not produce analysis on dogecoin for a reason. We don't have a dogecoin [exchange-traded product] in the market. We don't trade dogecoin."Dogecoin has soared around 5,600% this year as it traded around 27 cents per token Monday morning, according to data from crypto news site…

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