- eToro CEO Yoni Assia shared his thoughts about the future of cryptocurrency.
- Assia believes over $100 trillion will move into digital assets within 10 years.
- Also, Assia called DeFi and smart contracts the future of financial services.
Yoni Assia, co-founder and CEO eToro trading platform, recently shared his thoughts regarding the future of the crypto market. The CEO predicts that over $100 trillion will transfer into digital assets within the next 10 years.
Assia made these comments to Cointelegraph at the Bitcoin 2021 conference in Miami USA.
Also, Assia revealed that the majority of eToro users trade both crypto and stocks. This trend has led him to believe that in the future more people will opt to “manage their investments in one account.”
“We’re also big believers in the future of blockchain technology for the backend of finance, and that’s going to take a while. I believe that all financial assets are eventually going to be transformed into the blockchain in one from another. So we’re going to see a transfer of over a hundred trillion dollars over the next 10 years into native digital assets.”
Speaking specifically of Bitcoin, Assia called it the king of crypto. He added that Bitcoin is bound to rise in value over the next three to five years. Assia sees the top crypto as a viable avenue for financial inclusion especially among people without a good local currency.
In a separate interview, Assia also spoke about why eToro listed top meme crypto Dogecoin. The CEO credited the DOGE listing to the crypto’s fans. In fact, he called the fans the most active and passionate crypto community.
In addition, Assia spoke about DeFi calling it the “wild west” with amazing innovation but no regulations. The businessman also predicts that a lot of DeFi innovation will end up in traditional finance. Assia believes that centralized companies will want to offer DeFi innovation directly to their clients.
Finally, the eToro CEO noted that everything we are seeing with smart contracts and DeFi is just the beginning. Assia called it the infancy of what financial services will look like in the future. However, Assia believes for this to happen blockchain needs to solve its scalability issues.