eToro’s Bid for Wall Street: Will Crypto Keep It Soaring?
According to their filing (and let’s not forget the lawyers behind it), eToro pulled in a staggering $12.6 billion in revenue and $192 million in profit for 2024. This is an astronomical rise from the previous year’s pitiful figures of $3.89 billion and $15.3 million. What fueled this meteoric growth? Ah, yes, the omnipotent cryptocurrency. The digital gold rush that, surprise, surprise, accounted for 96% of eToro’s revenue. Surely, it must be comforting to know that eToro owes its financial salvation to a volatile, unpredictable market that is one tweet away from collapsing. But let’s not get too cynical—it’s all thanks to Donald Trump’s “pro-crypto” policies. It’s like watching a man throw gasoline on a fire, then saying, “Look, it’s burning brighter!”