Yoni Assia, the head of eToro’s trading platform, emphasized the significance of learning from past market downturns (bear cycles) and uptrends (bull cycles) to anticipate investing trends in both traditional and crypto markets.
At the Paris Blockchain Week on April 10, Assia conversed with CryptoMoon’s Editor-at-Large Kristina Lucrezia Cornèr about eToro’s experiences during various cryptocurrency market downturns. She reminisced about past “crypto winters,” such as the Mt. Gox crash and the ICO bubble, as well as non-fungible tokens (NFTs) and recent collapses within the crypto ecosystem.
During this stage, Assia emphasized the importance of investors gaining knowledge about their preferred investments and maintaining a steadfast perspective even during market instability.
Fifteen years ago, investors were limited to investing only in Bitcoin (BTC). However, today, they can explore numerous opportunities by investing in different altcoins and blockchain projects.
Additionally, Assia imagines a time when physical possessions can be bought and sold on blockchains, just as with digital security tokens. This could potentially allow traditional stock markets to surpass their current two business day settlement periods, adopting instead the near-instantaneous transaction method of cryptocurrencies.
For the following decade, Assia anticipated that the total worth of crypto projects would surpass $100 trillion due to the majority of traditional assets transitioning onto the blockchain.
In addition, he expects Bitcoin‘s value to increase as more individuals become aware of the escalating inflation of traditional currencies and opt for Bitcoin as a protective measure to preserve their buying power.
In response to Cornèr’s query regarding wealth redistribution using cryptocurrencies, Assia expressed her belief that artificial intelligence (AI) will significantly disrupt the economy by generating new employment opportunities and producing wealth through the creation of innovative digital currencies.
In the future, investing in decentralized AIs using a permanent blockchain like Bitcoin could be the means by which the crypto community discovers singularity first. Singularity refers to the point when artificial intelligence surpasses human intelligence, but defining consciousness is quite challenging.
Previously, Assia mentioned to CryptoMoon that the use of Bitcoin could be significantly increased by the introduction of Exchange-Traded Funds (ETFs) and user-friendly investment options for those outside of the professional realm.
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2024-04-11 12:14