‘Bitcoin is the king of crypto and it’s here to stay’ says eToro CEO
June 11, 2021. Summarized by summa-bot.
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Yoni Assia believes Bitcoin is here to stay, as eToro prepares for a fully decentralized future
For example, during an exclusive interview at Bitcoin 2021 Miami, Yoni Assia, chief executive officer of eToro, told Cointelegraph 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. ”
“I think that the moral case for Bitcoin and teaching people that it is the right thing to do is to basically separate state and money.
In order to prepare for a decentralized future, Assia mentioned that eToro is building a bridge between traditional finance and the crypto industry.
Assia further mentioned that it’s good to see more institutions entering the crypto space, especially when it comes to innovating within decentralized finance, or DeFi:
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. ”