Episode summary
eToro CEO Yoni Assia Sees Bitcoin Returning to 'All Time High' | Bloomberg Businessweek
Bloomberg Businessweek Daily
· · 40 min · Hosts: Carol Massar, Tim Stenovec · Guests: Yoni Assia, Silla Brush, Kat Doherty, Chris Palmeri, Matt Atkenson
Summary
The hosts opened with eToro’s mixed earnings reaction: the company beat first-quarter adjusted EPS and funded accounts, but the stock still fell. eToro CEO Yoni Assia said retail activity has shifted from crypto into commodities such as metals, oil, and natural gas, and he argued that volatile days keep retail investors active and can pull “beta” away from institutions. He also said the firm’s AI tools are driving fast early adoption, with more than 500,000 trades already placed in agent portfolios.
Assia was bullish on the long-term crypto setup, saying Bitcoin’s four-year cycle is intact and that he expects it to recover and make a new all-time high. He also said eToro’s newly acquired Zeno wallet and futures-registration work could support prediction markets, though he suggested sports would not be the initial focus.
The show then turned to CME Group’s plan, with Bloomberg reporters arguing that a futures market for computing power could become a serious benchmark for AI infrastructure. Later, Chris Palmeri discussed the changing upfronts and Disney’s tougher stance in its FCC dispute, and Matt Atkenson said Ford Pro is leaning on employee pricing, software, and truck demand to help small businesses manage higher costs and uncertainty.
Key takeaways
- Yoni Assia said retail traders on eToro have rotated from crypto into commodities like metals, oil, and natural gas as volatility picked up.
- Assia said eToro’s AI agent portfolios are still early but already have more than 500,000 trades and are growing about 50% week over week.
- Assia said Bitcoin’s four-year cycle is still intact and he expects it to recover and reach an all-time high again.
- Bloomberg reporters said CME’s planned compute futures could give AI infrastructure a benchmark price for hedging power and data-center costs.
- Matt Atkenson said Ford Pro sees steady demand, strong margins in software, and continued need for flexible financing as small businesses face higher costs.
Notable quotes
“we've definitely seen a surge in commodities activity happening in Toro”
“the next stage both of growth for it Toro but generally in the entire retail investment industry is where we have AI agents that are 247 looking at the markets”
“We're seeing 50% year uh week overw week growth and already more than 500,000 trades done uh in agent portfolios”
“I think eventually it recovers, reaches all-time high again”
“I do think about though the overbuild, right? And if all of a sudden you see, you know, the futures contract like or not as much interest or dem like it it will be interesting”
How the episode opens
Bloomberg Audio Studios, podcasts, radio, news. This is Bloomberg Business Week Daily, reporting from the magazine that helps global leaders stay ahead with insight on the people, companies, and trends shaping today's complex economy. Plus, global business, finance, and tech news as it happens.
The Bloomberg Business Week Daily podcast with Carol Masser and Tim Stenbec on Bloomberg radio. We're talking about shares of e Toro. They are definitely trading down in today's session.
That's following de uh following earnings that we got earlier. Uh and despite uh first quarter adjusted EPS beating estimates and funded accounts coming in above estimates. What's interesting pre-market the stock was rallying.
Stock by the way up about 5% so far here in 2026. The company did highlight in its release how it introduced 247 trading for commodities, equities, and indices, added Japanese equities, and launched crypto trading in New York during the first quarter. So, we're going to talk to the company's CEO.
We got Yoni AIA with CEO and co-founder of E Toro. He joins us here in the Bloomberg Business Week studio. Good to have you on the program.
Um, trading activity on the platform. You have a real-time view on this. There are some echoes right now of 2021 meme stocks.
What are you seeing? Um, so what we're seeing actually is people that switched from crypto into commodities. So switched from sort of lowvall declining Q4 into Q1 crypto into very exciting opportunities in in metals and in oil and natural gas.
So that's something that we've definitely seen a surge in commodities activity happening in Toro.
Super aggressive like the move like was it very clear the amount? We were surprised how many people who originally joined it Toro into crypto into equities shifted to where the interest is right to to where the volatility is.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- retail trading
- ai reshaping trading
- bitcoin and crypto outlook
- cme futures for computing power
- small business sales and operations
Companies and tickers mentioned
- CME
- F
- eToro
- CME Group
- Ford Motor Company
Watch the episode
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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