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Bitcoinist spoke with Mati Greenspan, Senior Market Analyst at eToro, on where the Bitcoin price is headed, how the popular platform is handling an influx of new users, and where he sees the cryptocurrency market headed in 2018 and beyond. 

eToro is the leading  social investment platform in the world. Moreover, it is one of the first traditional trading platforms that has embraced Bitcoin trading. 

By the end of 2013, eToro reportedly had over 3 million accounts, a number that has grown exponentially in the past few years, particularly after the platform began supporting Bitcoin in 2014. Another major boost was the platform’s addition of Etheurem and a few other cryptocurrencies in the beginning of last year.

So what’s in store for eToro and the cryptocurrency market for 2018? Let’s find out…

‘This Dip Could Provide an Excellent Point of Entry’ – Mati Greenspan

Bitcoinist: What is your position at eToro?

Mati Greenspan (MG): Senior Market Analyst.

Bitcoinist: When did you become interested in Bitcoin? Are you a maximalist, or do you see potential in many cryptocurrencies coexisting?

MG: I first heard of Bitcoin in March of 2013, and my first reaction was to post about it on Facebook. As a market commentator, I was immediately excited by the prospect of a borderless, decentralized form of money and couldn’t help but feel like something revolutionary was happening.

Bitcoin is the first, and I think that, if it can be made to scale, it can stay for hundreds of years. However, several other cryptos have emerged that have different purposes and serve different functions. These days, there are thousands of coins. Probably, most of them won’t last, but many of them will.

Bitcoinist: eToro was one of the first online trading platforms to support Bitcoin. What made your company decide that crypto could be the future? Is it here to stay?

MG: Full credit goes to our founder and CEO, Yoni Assia. Yoni has always had his eyes locked firmly on - click here to read the rest of this article