Saturday, July 24, 2021

eToro CEO: The King of Cryptocurrencies Bitcoin Will Stay Here!

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eToro CEO whose name is Yoni Assia said in a statement during an exclusive interview that he sees Bitcoin as the “king of crypto”. Stating that Bitcoin, the most popular digital currency, will stay here. The CEO made the following statements: “I would be surprised if we don’t see a significant increase in the price of Bitcoin in the next three to five years. As there are 5 billion people in the world who basically do not have good local currency.”

A statement on the subject made by Guy Hirsch, general manager of eToro USA. Hirsch said that for Yoni Assia’s dream to come true, people need to believe that money will not be decentralized. Hirsch also made the following statement:

“Bitcoin will eventually create the vision we all desire.”

Assia stated that to prepare for a decentralized future, eToro has built a bridge between traditional finance and the cryptocurrency industry. For this reason, Assia stated that the combination of crypto assets and stocks is important and made the following statement:

“Many of our clients trade both cryptocurrencies and stocks on the platform. I think that’s definitely a trend we’ll see continue in the future.”

Assia also notes that it is good to see more institutions entering the cryptocurrency space. Especially when it comes to innovation on decentralized finance (DeFi). He also states the following about DeFi:

“Right now DeFi is a bit of the wild west. No regulation, no real financial institutions, but lots of amazing innovations. I think we will see this innovation enter into traditional or regulated financial institutions, centralized companies so that it can make available directly to consumers.”

Finally, Assia thinks there will be a transfer of over $100 trillion to digital assets in the next 10 years.

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