Summary
- Robinhood has stated that it has no plans to hold Bitcoin for investment purposes.
- Although they do not hold Bitcoin, Robinhood's stock is reported to have a high correlation with Bitcoin.
- This year, Robinhood's stock has risen 202%, while Bitcoin has risen 110%.
Robinhood has stated that it has no plans to hold Bitcoin for investment purposes.
According to The Block on the 23rd, Vlad Tenev, CEO of Robinhood, mentioned in a recent interview, "With the growing interest in virtual assets (cryptocurrencies), the thought of holding Bitcoin occasionally crosses my mind. However, we have no plans to hold Bitcoin for investment purposes other than as part of our business to meet customer trading requirements."
He continued, "We don't hold Bitcoin, but our stock has a high correlation with Bitcoin." In fact, Robinhood's stock has risen 202% this year, while Bitcoin has risen 110%.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
