Robinhood CEO Believes Cryptocurrencies Are Here To Stay

Robinhood is by no means an ‘elder’ in the cryptocurrency industry, only opening up its cryptocurrency division in early January. Despite this, Robinhood’s co-CEO, Baiju Bhatt, believes that the cryptocurrency market has a strong future ahead of itself.
“Bitcoin Just Keeps on Coming Back”
During an interview with Yahoo Finance, Bhatt expressed his positive sentiments regarding the cryptocurrency market as a whole.
Bhatt pointed out that he believes that sovereign nations will adopt cryptocurrencies as a currency of choice. This statement is in line with what CFTC commissioner said earlier this week, also stating that he believes small nations ‘may become dependent on virtual assets for survival.’
With events like the recent Venezuelan hyperinflation becoming prevalent, smaller nations may begin to turn to cryptocurrencies as a decentralized and secure way to transfer value between individuals and entities.
When asked about his recent involvement in crypto, Bhatt stated:

“We have been thinking about it for a couple of years… We had been watching it (Bitcoin) over the years and we noticed one thing which we really looked at when considering when to offer it to our consumers, which is its resiliency. …

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