menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

eToro CEO ...
source image

Coindoo

1d

read

117

img
dot

Image Credit: Coindoo

eToro CEO Reveals How $5 Bitcoin Bet Turned Into $50 Million

  • eToro, with over 130 crypto assets and a $5.5 billion valuation, is asserting itself as a frontrunner in digital assets, targeting the massive wealth transition from Gen Z estimated at $140 trillion.
  • eToro's foray into crypto started with a bold move in the early 2010s, purchasing Bitcoin at just $5 per coin, resulting in substantial profits when Bitcoin surged to $50,000.
  • Despite the significant gains, eToro's board, initially hesitant about the crypto venture as it was not part of the core business, decided to sell the Bitcoin at $50 million, showcasing caution even in the face of remarkable growth.
  • eToro's CEO humorously hinted at possibly dismissing the board members who were cautious about the investment, reflecting on the journey from a $5 Bitcoin bet to a $50 million windfall.

Read Full Article

like

7 Likes

For uninterrupted reading, download the app