Robinhood brings US stocks onto the blockchain, which is good for retail investors and allows the blockchain to truly engage with asset pricing.
Not all narratives can withstand the test of time; truly valuable things will gradually come to light.
The trend of stocks going on-chain is a systemic negative for altcoins; Robinhood's CEO said it very plainly, they are here to seize liquidity.
Robinhood CEO Vlad Tenev: There are two ways to look at cryptocurrency, one is to treat it as a tradable asset, and the other is to see it as a foundational technology. I think it's time to shift from Bitcoin and meme coins to real-world assets that have actual utility.
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