Jan 16, 2024

eToro US CEO Lule Demisse weighs in on the sentiment among retail crypto investors following the spot bitcoin ETF approval.

Video transcript

I think the one thing you, you, you can tell about retail investors is that they're getting smarter and smarter when it comes to their proximity to the smarter money. So none of them are betting against the fed. Um So they're really looking at sort of like if interest rates go down, they feel like it's gonna be that much more reason for uh to have a bullish thesis going forward. Um You know, nine out of 10 of them still say they're going to increase their portfolio contribution rather than decrease it. So you definitely, you know, one of the things that you see is the sort of like the continuous leaning in, even though we've had a little bit of uh richness evaluation in the last few months, especially the, you know, the top names. Um You're still seeing people leaning in. The other thing you're seeing is also a pa a cash build up. So again, like we've been talking about this ambidextrous investor for a long time. Uh You know, 45% of them are still building up their cash reserve so they can be opportunistic as new, new um means of getting into the market begin.

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