How Robinhood's Head of Crypto is preparing for a crypto rebound

12/24/2024 23:52
How Robinhood's Head of Crypto is preparing for a crypto rebound

As Bitcoin fluctuates, platforms focus on precision and reliability to attract and retain users.

Bitcoin’s price continues to capture attention with its steady yet volatile fluctuations, leaving investors and analysts speculating on its trajectory.

Roundtable anchor, Rob Nelson, recently engaged Johann Kerbrat, Head of Crypto at Robinhood, in a conversation about bitcoin’s potential future movements and Robinhood’s strategies in managing crypto volatility.

Rob Nelson opened the discussion by emphasizing bitcoin’s relatively narrow trading range of 9-10%, noting, “It’s moving $95,000 to $104,000... I think it’s moving higher and faster than people think.” He urged Kerbrat to share projections for bitcoin through 2025, suggesting the cryptocurrency could surpass expectations.

Johann Kerbrat, however, refrained from making price predictions, saying, “I’ve been in the space for more than a decade... I didn’t know how to predict the price of bitcoin correctly 10 years ago.” Instead, he highlighted Robinhood’s focus on providing competitive pricing, especially during market volatility. “We build a system that routes to multiple market makers to ensure the best possible price,” Kerbrat explained.

Kerbrat stressed the importance of building trust within the crypto trading community. He noted, “We want to be a platform that people really trust... when there is a price movement that is sudden and quick, we can still offer a good price.” This approach underscores Robinhood’s commitment to offering reliability amid the often unpredictable crypto landscape.

Analysts who have issued price targets have noted mounting reasons to be more bullish. In particular, Fundstrat's Sean Farrell says Bitcoin's momentum looks strong to continue building in 2025 with all eyes on potential for a strategic bitcoin reserve.

While specific projections for bitcoin’s future remain elusive, the focus on robust infrastructure and consumer trust suggests platforms like Robinhood are preparing for a dynamic and fast-paced market environment.

Read more --->