eToro founder: Bitcoin price increases should not be at the expense of another financial crisis

In a recent interview, eToro founder and CEO Yoni Assia said that some people expect or expect the 2008 financial crisis to repeat itself, mainly because encrypted investors expect bitcoin prices to soar in this situation. The potential financial crisis will help people turn to safe-haven assets like Bitcoin, which will gradually increase their value. On the contrary, Assia believes that it is not a good thing to hope for a bigger disaster, because it will lead to a chaotic environment, the government and banks may collapse, and Bitcoin will be the last resort. Although this will increase the use of bitcoin, in turn, controlling bitcoin will be under great pressure. Assia further said that the encryption industry will become better, if Bitcoin matures in actual use, rather than suddenly soaring and causing the encryption industry to war with the government. Assia said that the bitcoin revolution is a “paradigm shift” in financial services that takes about 10 to 20 years to fully mature and eventually make the entire financial system token-based.