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- Bitcoin’s average yearly return for 2020 was 302.8% which shows the depth and liquidity in the market
- CEO of eToro claims Bitcoin to remain the king of financial products as 5 billion citizens of the world yet to have a stable local currency
- Regulations to bridge the gap between economists from the old world and the digital age currencies
The interest of retail and institutional investors has risen as stated by Yoni Assia, CEO of eToro. He believes that the price of Bitcoin is poised to rise significantly over the next five years as people look to diversify their assets in search of superior returns.
Investors have shown trust in the decentralised technology of distributed ledger as many still await for some form of regulations to come in place. Over the past few years, Bitcoin has shed value and recently plummeted to its February lows due to speculative trading and block tumbling features.
The Bitcoin Conference in Miami 2021 is one of its kind for cryptocurrency enthusiasts that have taken Bitcoin to its current levels. Panelists spoke about the need for mild regulations and that it should be from harsh policies and norms.
Belief in centralised financial technology
Investors have shown their trust in cryptocurrencies and distributed ledger technology is their new found love. New entrants look to diversify their portfolio investments by having faith in blockchain networks that run on a global scale.
Blockchain networks have improved security and transparency with the consensus method that keeps a cop of the transaction that takes place. It is a highly efficient tool to carry out international payments combined with cost effectiveness.
Decentralised finance has shaped the foundation of the future of the finance sector as more institutions continue to enter the blockchain infrastructure space .
Integration of equities and financial assets
The managing director of eToro, Guy Hirsch has exclaimed that the integration of securities with crypto assets is a unique way to diversify portfolio funds. Soon, all financial products will be available on the blockchain network and Bitcoin is one of the best mediums to invest in them.
Centralized companies will offer unique payment services and bridge the gap between the old age and today’s generation of digital currencies. Moreover, regulations will play a crucial hand to pave the way for digital assets in the next 10 years.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
