During an interview at Paris Blockchain Week, Yoni Assia, the CEO of eToro, a trading platform, discussed the future of cryptocurrencies and blockchain technology. Assia believes that the market capitalization of crypto projects could exceed $100 trillion as more physical assets transition to the blockchain.
Speaking to Cointelegraph Editor-at-Large Kristina Lucrezia Cornèr, Assia talked about eToro’s experiences during various price crash events, including the Mt. Gox crash, the initial coin offering (ICO) bubble, nonfungible tokens (NFTs), and recent ecosystem collapses. He emphasized the importance of investors educating themselves about the assets they are interested in and maintaining a long-term vision during market turmoil.
Unlike 15 years ago, investors now have the opportunity to invest in a variety of altcoin projects and blockchains, not just Bitcoin (BTC).
Assia envisions a future where real-world assets will be traded on blockchains, similar to digital asset securities. This would allow traditional stock markets to move beyond the current T+1 settlement cycles and adopt the efficiency of crypto operations.
In the next decade, Assia predicts that the market capitalization of crypto projects will surpass $100 trillion as more physical assets migrate to the blockchain. He also expects the price of Bitcoin to continue rising as people recognize the inflationary nature of fiat money and use BTC as a means to preserve their purchasing power.
When asked about the redistribution of wealth through crypto, Assia believes that artificial intelligence (AI) will play a significant role in creating new types of jobs and generating wealth by introducing new forms of currency. He suggests that decentralized AIs could be used to invest in unstoppable blockchains like Bitcoin, and the crypto community may be the first to identify singularity, as defining consciousness is a challenging task.
In a previous interview, Assia mentioned that the adoption of Bitcoin would be accelerated by the introduction of exchange-traded funds (ETFs) and the ease of investing through various platforms accessible to non-professional investors.