eToro’s CEO speculates on what’s driving the crypto bull market By Cointelegraph

EToro’s CEO, Yoni Assia, thinks multiple factors are at play when it comes to the crypto market’s current bull run — among them, the economic situation in the United States amid the ongoing COVID-19 pandemic.

“I think there is a confluence of circumstances that’s leading for this all-time high, both in crypto, as well in the stock markets,” Assia told Cointelegraph in an interview on Thursday. “We’re seeing unprecedented monetary and fiscal sort of reactions from federal governments all around the world leading to zero interest rates, and even negative interest rates in some places.”