eToro To Go Public, $10B Valuation: Expert Comments

0
eToro To Go Public, $10B Valuation: Expert Comments

As you may have seen, trading platform and Robinhood rival, eToro, is set to go public via SPAC with an estimated $10B valuation.

Play Quizzes 4

Get Our Activist Investing Case Study!

Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below!

Q4 2020 hedge fund letters, conferences and more

With eToro a longtime platform for crypto trading, there is considerable speculation as to whether the platform can convert the boom in retail trading brokerages are currently witnessing to crypto assets.

Fund Manager Profile: Zhang Hui Of China’s Southern Asset Management

investHistorically, the Chinese market has been relatively isolated from international investors, but much is changing there now, making China virtually impossible for the diversified investor to ignore. Earlier this year, CNBC pointed to signs that Chinese regulators may start easing up on their scrutiny of companies after months of clamping down on tech firms. That Read More

With this in mind, the following is a comment from David Wachsman, a thought leader in the blockchain industry and CEO and Founder of Wachsman, a strategic consultancy specialized in emerging technologies.

eToro To Go Public Via A SPAC

David Wachsman, CEO and Founder of Wachsman, commented: 

The news that eToro will go public via Special Purpose Acquisition Company (SPAC) is a major development for the crypto industry. Viewed in conjunction with imminent public listings for other major crypto firms Coinbase and Coinshares, the news clearly indicates the maturity of the blockchain industry, as well as the considerable appetite from investors for access to the industry. 

The GameStop trading phenomenon is a clear sign that retail interest in trading is at an all time high, and platforms such as eToro which cater to this demand are likely to grow significantly in the coming months. Given the change in perception around crypto assets prompted by the wave of institutional and corporate adoption of Bitcoin, I expect to see retail investment in crypto assets follow the lead of institutions. The growing number of on-ramps to the asset class via eToro, PayPal and other platforms indicate that retail adoption is likely to accelerate rapidly, with retail volumes far eclipsing the previous retail highs we saw in 2017/2018."

Updated on

Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)www.valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver
Previous article Exxon Mobil vs Engine No. 1: The Biggest Proxy Contest
Next article Why I’m “Doubling Down” On The Trade Desk

No posts to display