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EToro CEO Is Extremely Bullish On Bitcoin

May 16, 2018 1:08 pm
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Benzinga CEO Jason Raznick sat down with eToro CEO Yoni Assia for a fireside chat Wednesday at the 2018 Benzinga Global Fintech Awards, to discuss eToro's rise and the future of cryptocurrency.

Assia founded eToro in 2007 and it's promoted as a social trading network that has introduced traders to more intelligent and safer investments. The Tel Aviv-based company automatically copies the leading traders in the company's trading community for other investors. Additionally, it allows successful traders on the platform to share their actions for copying as a way to gain supplementary income.

Bullish On Bitcoin

Of the many exciting outlooks Assia broke down regarding the future of the markets, none stood out more than his assessment of cryptocurrency. His central claims centered around people's ability to directly posses and control their assets through bitcoin and other cryptocurrencies.

"In my opinion, crypto is a revolutionary invention of tech and is the first that you have digital native assets. When you hold bitcoin, you're holding the financial asset yourself and not through an intermediate (financial institution)."

He also gave a very bright outlook on the value of bitcoin in the future. When asked if there's a chance that the worth of the cryptocurrency rises three fold to five fold, he responded that there's a "very high probability."

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