eToro CEO says Bitcoin is the king of crypto and it’s here to stay
According to the CEO of eToro, Bitcoin is the king of cryptocurrencies and it is staying forever.
While speaking in an exclusive interview at Bitcoin Conference 2021 Miami, Yoni Assia, CEO of eToro, said that he considers Bitcoin to be the king of crypto, noting that the most popular digital currency is here to stay.
“I'll be surprised if we don't see a significant rise in the price of Bitcoin over the next three to five years, as there are still 5 billion people in the world that basically don't have good local currency,” Assia said.
Assia revealed that eToro is building a bridge between traditional finance and the crypto industry. As such, Assia explained that the combination of crypto assets and equities is important.
“The majority of our clients trade both cryptocurrencies as well as stocks in the platform. I think that's definitely a trend that we'll see continuing in the future,” he said.
The CEO further mentioned that it’s good to see more institutions entering the crypto sector, especially when it comes to innovating within decentralized finance (DeFi).
“DeFi a bit of a Wild West right now. No regulation, no real financial institutions, but a lot of amazing innovation. I think we're going to see a lot of that innovation going into traditional or regulated financial institutions, centralized companies, to be able to offer that innovation directly to consumers,” he explained.
In addition to that, Assia believes there will be a transfer of hundreds of trillion dollars over the next 10 years into native digital assets. He thinks all the financial assets will eventually be incorporated into blockchain networks as it is expanding rapidly.