EToro to acquire Zengo in self-custody push as CEO predicts $250K Bitcoin

[Oshosondy]

Let me just make this short and easy to understand. Etoro has agreed to acquire self-custodial crypto wallet provider Zengo. I am not sure if it is truly noncustodial or not noncustodial but this is according to the news.

What make me post this on speculation board is that Etoro CEO said bitcoin is going to $250000 after the accumulation phase begin. He thinks this second quarter of the year will still be of the bear market, but the later part will follow by accumulation and possible bull market will begin.

What do you think about this? Will bitcoin get to $250000 in the next bulk market.

This is just for fun.

[Aanuoluwatofunmi]

This is a speculation that anyone can made and also give reason to why, I may disagree with him assuming he tried to speculate for the market price within this year to be $250,000 but talking about the next bull run season, this is most likely possible and I will also support that bitcoin can get to this stage or even beyond in the next bullrun, by then we might have exited the bear market.

[Chibit01]

Let me just make this short and easy to understand. Etoro has agreed to acquire self-custodial crypto wallet provider Zengo. I am not sure if it is truly noncustodial or not noncustodial but this is according to the news.

That wallet can not be self custody wallet there is a lot which states and show order wise they claim to be open source. But there service which don’t give you as wallet owner private key or seed phrase to access your wallet anytime you want is not like a type of service which should be consider to be self custody, according to what i read on their website they said they make use of MPC, all type of wallet recovery and access is done through 3 factor authentication which means the data is being stored somewhere in there data base and they could decide to revoke users access that don't sound like self custody to me.

What do you think about this? Will bitcoin get to $250000 in the next bulk market.

Sometimes I think this big figures knows exactly what they are doing they just wake up announce big number as predicted amount but dip down they are not really looking at that price range, they could be expecting bitcoin to reach for instance $125k to $150k but they will have to sell publicly announced a higher volume if people buy their prediction and keep on acquiring bitcoin having that price in mind they might end up actually pushing bitcoin price to $125k and above and not their $250k that looks like a joke.

[Zaguru12]

What make me post this on speculation board is that Etoro CEO said bitcoin is going to $250000 after the accumulation phase begin. He thinks this second quarter of the year will still be of the bear market, but the later part will follow by accumulation and possible bull market will begin.

What do you think about this? Will bitcoin get to $250000 in the next bulk market.

I agree with this analysis, I also think the second quarter of the year will be same as the first quarter which is bearish trend then most of the third quarter will be consolidation or ranging trend, then possibly a bullish trend in the last quarter because the bearish Market might be over stretched.

As for the $250k prediction, I think that’s not an unrealistic prediction though because that’s almost an 100% pump from the current ATH ($126k), the only thing is we have been seen the market volatility reducing so most people do not see the market to do a 100% pump in a single cycle from its ATH. But any price between the $200k to $300k is definitely realistic.

That wallet can not be self custody wallet there is a lot which states and show order wise they claim to be open source. But there service which don’t give you as wallet owner private key or seed phrase to access your wallet anytime you want is not like a type of service which should be consider to be self custody, according to what i read on their website they said they make use of MPC, all type of wallet recovery and access is done through 3 factor authentication which means the data is being stored somewhere in there data base and they could decide to revoke users access that don't sound like self custody to me.

This wallet has been here for long I could remember reading a thing or two about it here but it’s not those wallet one would be advice not to have has a custody wallet 

There way of self custody is that they actually give out one seed phrase to the wallet owner and then keep the other seed phrase whereas both seed phrase are need to sign transaction that’s like a 2-of-2 multi sig. if that’s the case then it one cannot single handedly recover this wallet without accessing the other seed phrase. This is not a full self custody wallet in my opinion.

[retaur]

Etoro already enables crypto custody and crypto trading so a fully non custodial solution could be a good progression for them if they can make it fully non custodial.

That wallet can not be self custody wallet there is a lot which states and show order wise they claim to be open source. But there service which don’t give you as wallet owner private key or seed phrase to access your wallet anytime you want is not like a type of service which should be consider to be self custody, according to what i read on their website they said they make use of MPC, all type of wallet recovery and access is done through 3 factor authentication which means the data is being stored somewhere in there data base and they could decide to revoke users access that don't sound like self custody to me.

Yeah from what I can find this looks to be the case. It has 2 or 3 keys that can be used to access your crypto. One on the user's phone, one on their server and one on a backup open source server. I am under the impression the open source server only releases keys when the others are down but it might not.

We could just be being overly harsh on a new wallet software too. Still, it serves to use the tried and tested versions and leave the new wallets for testers and small amounts of funds only.

[cryptomaniac_xxx]

What do you think about this? Will bitcoin get to $250000 in the next bulk market.

This is just for fun.

We will see, this is similar to the prediction of the last bull run, that we might going to hit $150k-$180k, but it didn't materialized. I'm not saying that $250k next bull run is not doable. I've even seen as high as $300k prediction arleady, lol.

But in any case, as I have said, we will have to see and it's going to be fun and interesting as what will be the catalyst to push that price level. In the last bull run it's all about ETF's we even have ATH prior to the halving. But in the next, gonna be important what fuel we will get to really go to the moon.

[Orpichukwu]

This is a speculation that anyone can made and also give reason to why, I may disagree with him assuming he tried to speculate for the market price within this year to be $250,000 but talking about the next bull run season, this is most likely possible and I will also support that bitcoin can get to this stage or even beyond in the next bullrun, by then we might have exited the bear market.

We don't even need data to predict the market again; anyone can wake up and announce what they expect the price to be before the year-end, but if we really check it very well, Bitcoin might actually try to climb up to $200k in the next bull run. It's something achievable but mostly unlikely to happen this year, and if Bitcoin reaches $200,000, then there is not much gap from climbing to $250,000.

[el kaka22]

$250 is just around us and just 2x from the current ATH. So, it may be possible within this cycle if for example, everything goes in Iran's way or some country truly wants to de-dollarize and wants to build SBR.

Moreover, mergers/acquisitions in the crypto world is not that common, and I am glad that this is happening. Binance also bought CMC a few years back if I remember right, but that's about all I can remember. Still, buying a wallet provider is not making sense to me. There are lots of open sources available for every wallet type and when upcoming bull run is a reason, I guess launching a new platform also might work AFAIC.

There were negative reviews on Etoro like they never hit real exchanges, copy trading profitability and etc if my memory serves better. This acquisitions could be just another marketing strat, who knows...

[Cryptoprincess101]

What do you think about this? Will bitcoin get to $250000 in the next bulk market.

Everyone is predicting the market based on how they want it to be and not really based on what the market will likely be even though all are just mere speculations. Bull market will not happen this year so anyone that is thinking that we will enter another bull market should just erase that thought because it won't happen this year. We have seen people who have predicted the market to reach different high prices this year, some may happen why others won't but predicting the price to reach $250k is what i think it's unachievable in this year 2026. The last bull market happened in 2025; we should be expecting another bull market in 2029.

[jossiel]

Let me just make this short and easy to understand. Etoro has agreed to acquire self-custodial crypto wallet provider Zengo. I am not sure if it is truly noncustodial or not noncustodial but this is according to the news.

What make me post this on speculation board is that Etoro CEO said bitcoin is going to $250000 after the accumulation phase begin. He thinks this second quarter of the year will still be of the bear market, but the later part will follow by accumulation and possible bull market will begin.

What do you think about this? Will bitcoin get to $250000 in the next bulk market.

This is just for fun.

We're in a bear market and yet, the market is still doing fine. We don't know if by the time he's thinking of it happening it will come.

The second quarter of this year is likely going to remain as is. We'll see if there will be so much to happen with the remaining two months for the end of this Q2.

$250k is possible but it's only a matter of time when.

[JeffBrad12]

If it's next bull market then I'm with him. $250k is highly plausible seeing the rate of growth that bitcoin have for every year.
People said we are already in bear market but the price is still pretty high. If the current price is the real price of current bear market and potentially become the bottom. $250k will be piece of cake.

Anyway, a good news and bullish sentiment is always welcomed. One thing that i'm confused, if they are bullish about bitcoin why buy a self custody wallet instead?

[Alpen]

I’m just curious—knowing that eToro is an Israeli company, would you still choose to work with them in 2026?

[Iranus]

We will see, this is similar to the prediction of the last bull run, that we might going to hit $150k-$180k, but it didn't materialized. I'm not saying that $250k next bull run is not doable. I've even seen as high as $300k prediction arleady, lol.

But in any case, as I have said, we will have to see and it's going to be fun and interesting as what will be the catalyst to push that price level. In the last bull run it's all about ETF's we even have ATH prior to the halving. But in the next, gonna be important what fuel we will get to really go to the moon.

$250k sound realistic. But yes, it is still too early to predict how much Bitcoin will reach in the next bull market. Because we do not know what will happen, what event or factor will impact the market at that time. Therefore, making predictions at this time is more like guessing and is mostly for entertainment.

However, one thing we can predict and be certain of is that Bitcoin will rise and reach new ATH. We should take full advantage of the bear market.