![Robinhood CEO ruling out Bitcoin viewed as short sighted and pedestrian.](http://bitcoints.com/wp-content/uploads/2018/06/Robinhood-CEO-ruling-out-Bitcoin-viewed-as-short-sighted-and-pedestrian.jpg)
2018-6-20 20:39 |
The co-founder of the investing app and web platform was bullish on bitcoin despite the price declines seen over the last few months, saying “this asset has staying power, significant staying power.”
Tenev noted that bitcoin’s price, in particular, has fluctuated in similar patterns before, adding:
“It’s very foolish to say bitcoin is done.
”
Robinhood, a micro finance investing app which sought to open access to stock trading to the general public, jumped on the cryptocurrency wagon earlier this year, as previously reported by CoinDesk.
“What we’ve seen a lot is people hearing about us because of crypto, opening accounts … and become sort of customers of the entire Robinhood ecosystem,” he said.
Still, Tenev admitted that “we want to be there as a market leader over the span of decades.”
Bitcoin (BTC) на Currencies.ru
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