eToro CEO: Bitcoin to Yield “Double-Digit” Returns Yearly in the Next 5-10 Years
Yoni Assia, the founder and CEO of US-based social trading platform, eToro, yesterday disclosed a price prediction about the future and growth of Bitcoin as the most certain digital gold to appreciate a “double-digit” returns on a yearly basis.
During an interview with Thinking Crypto, Assia tried to hold back from spilling out price prediction of crypto assets, but he thinks that the general crypto industry has an optimistic and definite view of the Bitcoin, since it has become a pattern for other digital assets to rise in value each time Bitcoin gets bullish.
Assia also holds that sometimes the percentage of returns in other currencies increases with the rise of Bitcoin, stating the example of Cardona (ADA) in recent times gaining even more than Bitcoin in what seems to be a short-term can only be a rear occurrence.
More than that, Yoni said that “the average duration of a fiat currency is 30 years,” then it returns to zero value. Then traders in the capital market go in search of commodities with better market value and more extended price worth because of the devaluation of fiat currencies by inflation.
According to the CEO, Bitcoin seems to hold a standing history as a long-term digital gold asset when compared to other digital assets.
Besides, Assia claims that double-digit return assets are not natural to come by; however, he asserts: “in the 5-10 years horizon, my expectation is Bitcoin will average double-digit returns.”
Yoni Assia does not stand alone on the positive view of Bitcoin’s price prediction in the future, earlier, Coinfomania reported that Mike Novogratz, the CEO of Galaxy Digital and a Bitcoin bull, predicted the price of Bitcoin to hit $20,000 by the end of this year.
Novogratz backed his prediction that the price of Bitcoin will go up by the end of the year, else he “might just hang his spurs.“