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Opinion: Robinhood's Success Could Eliminate 90% of Financial Intermediaries
Summary: In a post on the X platform, Even Herd CEO Sam Jurrens suggested that if Robinhood's launch of tokenized stocks is successful, it could potentially eliminate 90% of financial intermediaries, especially with Robinhood's proposition of 'tokenizing everything for free' accelerating this process. However, Bloomberg senior ETF analyst Eric Balchunas has questioned Robinhood's marketing claims, pointing ...
In a post on the X platform, Even Herd CEO Sam Jurrens suggested that if Robinhood's launch of tokenized stocks is successful, it could potentially eliminate 90% of financial intermediaries, especially with Robinhood's proposition of 'tokenizing everything for free' accelerating this process. However, Bloomberg senior ETF analyst Eric Balchunas has questioned Robinhood's marketing claims, pointing out that despite Robinhood's stock price rising 338% in the past 12 months, if investments can already be obtained for free through ETFs (investing in regulated large-scale investment tools), there is no real need to switch to Robinhood (24-hour trading or instant settlement are not advantages, as 99.9% of investors do not care about these).
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Link: Opinion: Robinhood's Success Could Eliminate 90% of Financial Intermediaries [Copy]
