Bitcoin News: While countries like El Salvador are taking positive steps towards Bitcoin, some other regions are pushing to ban the digital currency. Despite this, some industry experts believe that Bitcoin is permanent, forever.
“I would be surprised if the Bitcoin price does not increase significantly”
Yoni Assia, CEO of eToro, told Cointelegraph during an exclusive interview at Bitcoin 2021 Miami that he sees Bitcoin as the “king of crypto” and claimed that the most popular digital currency will be permanent.
“I would be surprised if we don’t see a significant increase in Bitcoin price in the next three to five years as there are 5 billion people in the world who basically don’t have good local currency.”
Guy Hirsch, managing director of eToro USA, said that for this dream to come true, people must believe in the “decentralization of money” mentality:
“I think the moral for Bitcoin is to teach people that this is true, basically separating government and money. It will eventually create the vision we all desire.”
Arrangements: Bridging the old world and the new world
Assia stated that to prepare for a decentralized future, eToro has built a bridge between traditional finance and the crypto industry. This is why Assia explained that the combination of crypto assets and stocks is important.
“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 noted that it is good to see more institutions entering the crypto space, especially when it comes to innovation in decentralized finance:
“DeFi is like the wild west right now. No regulation, no real financial institutions, but lots of amazing innovations. I think we’re going to see a lot of this innovation go into traditional or regulated financial institutions, centralized companies so they can deliver this innovation directly to consumers.”
In addition, Assia stated that it thinks there will be a transfer of over $100 trillion to local digital assets over the next 10 years. He stated that this will be encouraged by the idea that almost all financial assets will eventually be included in the advancing Blockchain networks.