11 Jun ‘Bitcoin is the king of crypto and it’s here to stay’ says eToro CEO
Bitcoin is the king of crypto and it’s here to stay, says eToro CEO Yoni Assia. He claims that bitcoin will gain more and more attention and that it won’t be going away anytime soon. First, bitcoin is the most logical and efficient way to transfer money with low fees. Yoni says that crypto will only expand in the future, therefore, eToro is going to increase its crypto trading platform as well.
eToro, the popular cryptocurrency CFD and investment platform, has today become the first company to launch a cryptocurrency hedge fund, powered by the blockchain-based eToro token. The eToro Token Fund (ETF), launched in partnership with London-based blockchain asset manager eToro Asset Management, will allow crypto investors to make investments in a portfolio of over 30 digital currencies across the eToro platform, including Bitcoin, Ethereum, Bitcoin Cash and Litecoin. The full-service fund will allow investors to diversify further by being exposed to the growing cryptocurrency market through a single fund.
It’s no secret that the world is addicted to Bitcoin. Ever since the cryptocurrency first hit the headlines, it has gained a huge, dedicated following. It’s very likely that, just like its predecessors, Bitcoin will continue to be the king of crypto for years to come.While countries like El Salvador have welcomed bitcoin (BTC) with open arms, other regions are pushing for a legal ban on the digital currency. Still, some experts believe bitcoin is here to stay forever. In an exclusive interview during Bitcoin 2021 Miami, Yoni Assia, CEO of eToro, told Cointelegraph that he believes bitcoin is the king of cryptocurrencies, noting that the most popular digital currency is here to stay : I’d be surprised if we don’t see the price of bitcoin rise substantially in the next three to five years, because there are still 5 billion people in the world without a good local currency. However, for this dream to become a reality, Guy Hirsch, CEO of eToro U.S., told Cointelegraph that people must believe in the morality of decentralizing money: I think the moral argument for Bitcoin and teaching people that it’s the right thing to do is basically to separate government and money. Thus will be born the vision we all aspire to.
Regulation: Connecting the old world with the new
To prepare for a decentralized future, Assia noted that eToro is building a bridge between traditional finance and the crypto industry. In this regard, Assia explained that the combination of crypto assets and equities is important. Most of our clients trade both cryptocurrencies and stocks on the platform. I think this is a trend we will continue to see in the future, he said. Assia also noted that it’s good to see more and more institutions entering the crypto space, especially when it comes to innovations in decentralized finance, or DeFi : DeFee is a bit of a wild west at the moment. No regulation, no real financial institutions, but lots of great innovations. I think we’re going to see a lot of innovation move away from the traditional or regulated financial institutions, the centralized companies, to deliver that innovation directly to consumers. In addition, Assia said he thinks over $100 trillion in national digital assets will be transferred in the next 10 years. He noted that this development is driven by the fact that almost all financial assets will eventually be included in blockchain networks.Bitcoin has been in the news quite a lot lately. The crypto currency has recently soared in value, making many people wealthy, some others poor, but for eToro’s CEO Yoni Assia , bitcoin is here to stay. “Bitcoin is the king of crypto and it’s here to stay,” Assia told The Times of Israel. “I’m sure there are other cryptocurrencies, but bitcoin is the king and it will be for a long time.”. Read more about accumulation bitcoin and let us know what you think.
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