eToro CEO Comments About Knowing Bitcoin’s Technology and “The Spirit is Back in the Market”
During an interview with Crypto Potato, The CEO of eToro, Yoni Assia seems to have expounded on several crypto market aspects.
In particular, he shared the same sentiments many investors and leaders in relation to what’s to come for the crypto market, along with his journey in the industry, his strong belief towards tokenization and the need to understand the technology.
“The Spirit is Back in the Market”
As reported by Crypto Potato, Assia spoke a little bit about crypto exchange, eToro’s overall performance last year followed by the current bull market. In particular, Assia said:
“2018 was actually a record year for eToro,” which is surprising as the entire market more or less plummeted this very year. He also disclosed the numbers as being as high as “a trillion dollars in volume last year.”
Furthermore, he highlighted that the crypto winters are finally over, expressing that he does think there’s a crypto spring around the corner. He also stressed the presence of bulls, which he is happy to see, as this implies that the bears haven’t frightened them off. As he put it: “The spirit is back in the market.”
News outlet, AMB Crypto also reported on this matter, and noted that Assia trusts Initial Exchange Offerings [IEO] are part of the reason why we are currently introduced to a bull market. However, he believes that most of it comes from the fact that there’s a reduction in fear, which has led Bitcoin to flourish again.
As for Bitcoin’s success, the CEO made the case that investors and people need to be “excited about Bitcoin,” and this is something that is being witnessed in the form of increasing volumes and market capitalization. Moreover, he thinks that:
“More and more people are actually accumulating and hodling more Bitcoin and that’s basically what drives the prices up collectively.”
Interest in Crypto as Early as 2008
Assia was first introduced to Bitcoin by his brother, who figured he’d be interested due to his work on “The Gold Dollar”. This led him to become keener in the market from the very beginning, adding that he saw that virtual currencies were going to rule the future:
“I understood that this is the future of how currencies should work, of how finance should work. This was 2010[…] The only thing I really regret is not investing more back then, or getting my laptop stolen with my original bitcoins.”
Assia also discussed upon his works with Founder of Ethereum, Buterin, where the duo supposedly wrote a code for a “decentralized exchange on top of bitcoin,” but this took a different route, as the Founder went on to form Ethereum.
Tokenization: The Difference between Traditional and Blockchain Technology
Evidently, Assia is big on tokenization and believes this will one day gain the center of attention permanently. More specifically, he said,
“We believe that, within the next ten years, we’re going to see trillions of dollars, if not dozens of trillions of dollars, moving from traditional assets to blockchain assets […] We want to see how blockchain technology, how smart contract technology can really transition the entire financial services industry.”