During an interview at Paris Blockchain Week, Yoni Assia, the CEO of eToro, shared his thoughts on the future of cryptocurrencies and blockchain technology. Assia believes that the market capitalization of crypto projects could surpass $100 trillion as more physical assets transition to the blockchain.
Speaking with Cointelegraph Editor-at-Large Kristina Lucrezia Cornèr, Assia reflected on 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. Through these events, Assia emphasized the importance for investors to educate themselves about the assets they are interested in and maintain a long-term perspective, even during market turbulence.
Unlike 15 years ago, investors now have more options beyond Bitcoin (BTC) and can invest in different altcoin projects and blockchains. Assia envisions a future where real-world assets are traded on blockchains, similar to digital asset securities. This would enable traditional stock markets to move beyond the current T+1 settlement cycles and align with the efficiency of crypto operations.
Assia predicts that over the next decade, the market capitalization of crypto projects will exceed $100 trillion as a majority of physical assets transition to the blockchain. He also expects the price of Bitcoin to continue rising as more individuals recognize the inflationary nature of fiat currency and use BTC as a hedge to preserve their purchasing power.
When asked about the redistribution of wealth through crypto, Assia highlighted artificial intelligence (AI) as a major disruptor. He believes that AI has the potential to create new job opportunities and generate wealth by introducing new forms of money.
Assia also discussed the use of decentralized AIs in the future, suggesting that they could make investments in unstoppable blockchains like Bitcoin. He believes that the crypto community will be at the forefront of identifying singularity, as it is challenging to define consciousness.
In a previous conversation with Cointelegraph, 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-professionals.