At least one country will sink and people will flock to Bitcoin
‘At least one country will sink and people will flock to Bitcoin’
Yoni Assia, the CEO of the social trading platform eToro, made predictions for the future in a Bitcoin event in Israel.
One of the hottest topics within the crypto money community is whether it will be effective on a Bitcoin ETF’s potential approval and crypto money markets.
In 2018, there was nothing positive about ETF. A number of Bitcoin ETF applications, including those of the famous Facebook twins Cameron and Tyler Winklevoss, were rejected last year.
Currently, there is the application of SolidX with VanEck, who is eagerly awaiting the approval of everyone at the SEC’s desk. The Commission postponed the decision on the application several times and the deadline for it to take a decision in February 2019 February.
According to Yoni Assia, CEO of the social trading platform eToro, a crypto-money ETF will not be lit in the near future . Speaking at Israel’s Bitcoin Summit, Assia shared his views on the current state of the crypto money market and the possibility of an ETF being approved.
Assia, “in January 2018” crypto is a balloon, and people will lose their money, “said those who are smart people in the room, because they are right. They do not encourage any ETF approval, so I think the ETF approval will take some time.
‘At least one country will go bankrupt in 5 years’
Assia also said that at least one country will go bankrupt and that it will lead people to flock to Bitcoin. eToro’s CEO said:In the next five years, we cannot see at least one country where people flock to Bitcoin. All banks in this country will go bankrupt and the government will have no chance of reviving the banking system, because there will be no need for local money or the local bank anymore.