Robinhood CEO Tenev Says He’s Bullish on Bitcoin Long Term, Won’t Predict $1 Million Price
Minseung Kang
Summary
- Robinhood CEO Vlad Tenev said he is bullish on Bitcoin over the long term.
- He said, however, that he does not make specific price predictions such as $1 million for Bitcoin.
- Tenev said his investment portfolio is highly diversified and that he still likes digital assets.
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Robinhood Markets Inc. Chief Executive Officer Vlad Tenev said he is bullish on Bitcoin over the long term, but declined to offer a specific price target.
Crypto media outlet Odaily reported on August 24 that Tenev made the remarks in a recent interview on the podcast "The Iced Coffee Hour."
He said he does not make specific predictions such as whether Bitcoin will eventually reach $1 million.
Tenev also said his investment portfolio is highly diversified. He added that he has traded crypto himself in the past and still likes digital assets.
He also said he uses Robinhood for his own trading. When he first started using the platform, he was also on Reddit, though he no longer posts there.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.