EToro CEO: demand for Bitcoin growing even in a bear market
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Director General of the trading platform eToro Yoni Assia asserts that the correction of Bitcoin have a positive impact on the long-term stability of the coin and all of the stock market. Your thoughts Assia shared in an exclusive interview .
theWhen Bitcoin starts to grow
EToro CEO calls a bear market «necessary evil».
The Correction will play into the hands of Bitcoin in the long term. The stock market is still at the initial stage of its development. A technical innovation, a series of jumps and downs in his early days. Price reduction of digital assets to new levels of support makes the industry more sustainable. However, even despite all the events, the demand for Bitcoin has not declined.
In the future the stock market will experience exponential increase in demand for digital assets.
Industry evolves, many investors are beginning to pay attention to the crypt for portfolio diversification. We do not think that in the near future, the trading volume of the cryptocurrency will decrease. Now, more and more people are realizing the huge potential of Bitcoin.
Another significant fall of the stock market this month was a big surprise to investors, as now in the industry a little negative news. Recall that in early August, the largest network of US exchanges announced to create a platform Bakkt for futures trading on Bitcoin. At the same time, Japanese and Korean authorities wanted cryptogenic, and China to $ 3 billion to Finance start-UPS.
Assia does not see short-term failures nothing wrong with that.
The potential of the blockchain is recognized by other States and financial regulators, they are even considering the integration of technology into their activities. While large investors still further decisions by the SEC about Bitcoin. With the development of the stock market in the long term the price is the main digital asset will go up.
However, the industry is still moving steadily down. Now it balances at a level slightly above $ 200 billion.
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