Adopt a long-term perspective in market turmoil

Yoni Asia, founder and CEO of eToro trading platform, explained the importance of understanding the previous bear and bull cycles to predict future investment patterns in traditional and crypto markets.

Speaking with Cointelegraph Editor-in-Chief Cristina Lurezia Corner at Paris Blockchain Week on April 10, Asia discussed eToro's journey through multiple price crash events, including the “Creto winter” of Mt. Gox crash, recalling episodes, the ICO bubble, intangible tokens (NFTs), and the recent ecosystem collapse.

In the process, Asia stressed the need for investors to learn about demand assets and maintain a “long-term vision” amid market turbulence.

15 years ago, investors now have the option to go beyond Bitcoin (BTC) and put their money into various altcoin projects and blockchains.

What's more, Asia envisions a future where real-world assets can be traded on the blockchain, just like digital asset securities. In doing so, traditional stock markets will move past the current T+1 settlement cycle, which is how crypto works.

In the next 10 years, Asia predicted that the market capitalization value of crypto projects will exceed $100 trillion as most physical assets will be transferred to the blockchain.

As more people realize the rising inflation of fiat money and start using BTC as a hedge to maintain their purchasing power, the Bitcoin market expects the value to continue to rise.

When asked about the redistribution of wealth through crypto, Asia said that artificial intelligence (AI) will be one of the biggest disruptors as it is well positioned to create new types of jobs and generate wealth by “creating new forms of money”.

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The use of decentralized AIs in the future could be investing in an unstoppable blockchain like Bitcoin and in the process “the crypto community will be the first to recognize singularity because it is very difficult to define what consciousness is,” he said.

In an earlier interaction with Cointelegraph, Asia said that the adoption of Bitcoin will be facilitated by exchange-traded funds (ETFs) and various platforms for non-experts to invest in.

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