Bitcoin Rally to 100,000 USD. This Boosts the Top Story Robinhood!
Reading Time: 2 minutes
The sentiment surrounding Bitcoin is currently very positive. The new upswing has led to a price increase to nearly 100,000 USD, and a new attempt to break this psychologically important barrier begins mid-week. One beneficiary of this is our model portfolio stock Robinhood Markets (i) (HOOD). Robinhood heavily depends on transaction-based revenues from trading cryptocurrencies, and a friendly environment like the current one is advantageous. To illustrate: In the first quarter, Robinhood generated total revenues of 927 million USD, of which 583...
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