This. The amount of real money flowing in supposedly increasing by 5% per month is also not compatible with many real-world indicators of interest showing the opposite, including Robinhood's crypto revenue falling off a cliff.
Ironically, Robinhood's cryptocurrency revenue shouldn't be high in the estimation of _real_ cryptocurrency enthusiasts, what's the point of crypto if you don't/can't own your keys? Really lays the whole thing bare. FOMO.
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This. The amount of real money flowing in supposedly increasing by 5% per month is also not compatible with many real-world indicators of interest showing the opposite, including Robinhood's crypto revenue falling off a cliff.
https://www.forbes.com/sites/sergeiklebnikov/2021/10/27/robi...
Robinhood's crypto offering is just a shit product. You are just buying shares in their crypto holdings, not the underlying coins.
It's like saying the internet is dying off because AOL's dialup customer base is shrinking.
Ironically, Robinhood's cryptocurrency revenue shouldn't be high in the estimation of _real_ cryptocurrency enthusiasts, what's the point of crypto if you don't/can't own your keys? Really lays the whole thing bare. FOMO.