“Bitcoin is the king of cryptocurrencies, and it will continue to exist” said the CEO of eToro

Although the country likes El Salvador welcomes Bitcoin (BTC) with open arms, Other Regions are pushing for a legal ban on digital currenciesAlthough this may be the case, some industry experts believe that Bitcoin will always exist.

For example, in an exclusive interview with Bitcoin 2021 in Miami, Yoni Assia, CEO of eToro, told Cointelegraph that he believes Bitcoin is the “King of Encryption” and pointed out that the most popular digital currency will continue to exist:

“If we didn’t see the price of Bitcoin rising sharply in the next three to five years, I would be surprised because there are still 5 billion people in the world who basically don’t have a good local currency.”

However, in order to make this dream a reality, Guy Hirsch, managing director of eToro US, told Cointelegraph that people need to believe in the ethics of decentralized currencies:

“I think the ethical case of Bitcoin and teaching people that it is the right approach is to fundamentally separate the country and money. It will ultimately create the vision we all yearn for.”

Rules: connect the old world with the new world

In order to prepare for the future of decentralization, Assia mentioned that eToro is building a bridge between traditional finance and the crypto industry. Therefore, Assia explained that the combination of crypto assets and stocks is very important. “Most of our customers trade cryptocurrencies and stocks on the platform. I think this is definitely a trend we will see in the future,” he said.

Assia further mentions that it is It’s great to see more institutions enter the encryption field, Especially when innovating in decentralized finance or DeFi:

“DeFi is a bit wild west now. There is no regulation, no real financial institutions, but there are many amazing innovations. I think we will see a lot of innovations entering traditional or regulated financial institutions, and centralized companies can directly contribute to consumption​​ Provide this kind of innovation.”

In addition, Assia mentioned that he believes that more than $100 trillion in funds will be transferred to native digital assets in the next 10 years. He pointed out that almost all financial assets will eventually be integrated into the blockchain network, which will promote this trend.