eToro CEO Sees Crypto Returning to All-Time Highs This Year

For the call to play out, several conditions would likely need to align. First, spot Bitcoin ETF flows would need to sustain or accelerate the net inflows seen earlier in the year. Second, the macro backdrop–particularly Federal Reserve rate expectations–would need to cooperate, as crypto has been highly correlated with risk-on positioning. Third, regulatory developments such as the CLARITY Act draft, which could exempt Bitcoin and Ether from SEC securities oversight, would need to progress from draft to law, removing a persistent overhang on exchange and token risk.

None of these conditions are priced in. The CEO’s statement is a directional bet that they will materialize before year-end. For traders, the statement is less a prediction to trade blindly and more a catalyst calendar to monitor: ETF flow data, Fed minutes, and Congressional markup sessions become the checkpoints that either validate or undermine the thesis.

The Divergence as a Positioning Signal

The immediate takeaway is that a high-profile industry executive is willing to put a bullish stamp on the second half of the year even as his own platform’s numbers show retail fatigue. That divergence is the kind of setup that can produce sharp moves if the crowd is caught offside. The risk is that the volume decline is not a sentiment trough but a structural shift–traders moving to decentralized venues, or simply leaving the asset class after the last cycle’s drawdowns.

A practical framework is to watch for a volume bottom on major exchanges. If weekly spot volumes stop falling and begin to tick higher while prices hold a range, that would be an early confirmation that the retail exodus is ending. A break above the 200-week moving average on Bitcoin, which has historically separated bull and bear phases, would be a stronger technical signal. Without those confirmations, the CEO’s call remains a high-conviction view that needs price and volume to catch up.

The next concrete marker is the quarterly rebalancing of crypto indices and the associated ETF flow data due in the coming weeks. A sustained inflow print would give the all-time-high narrative its first real foothold in hard data rather than executive commentary.