Aug 4, 2021
Noble Drakoln is long Robinhood and not for the reason you might think. True it’s a hot market trading app that has millions of clients and makes its living selling their data to high frequency traders. It’s doing quite well and according to Noble has leveled the playing field and enabled the public to turn the tables on the pros, but that’s only half the story. They’re really a crypto play as they are one of the largest holders of the infamous Elon Musk promoted Dogecoin. And they’re all set to become a major crypto trading platform that could easily surpass Coinbase. And that could really result in huge profits to early Robinhood investors, and perhaps that’s why the price has rebounded and gone higher than the IPO price. Perhaps another Facebook in the making.