The decline of RH is bullish for crypto and DeFi.

Public reports show that Robinhood is suffering right now. They are not on boarding new clients at a rate faster than older clients are leaving.

First, this is because the robinhood experience is rather poor. It seems “fun” at first, but there’s no real growth, no real education, and your money tends to disappear through poor trading due to lack of info on the app. (For another post, but we are developing an app to go after those weaknesses, but that’s for later)

The point of this post is that as Robinhood users leave, their interest is not waning. More and more users are flocking into DeFi. Staking especially is huge for the space because passive users earn returns without having to trade. Spots like UST are stable coins netting 20%.

On top of DeFi summer, investing in these tokens gives a vibe of getting in on the ground floor of the future of FinTech, and the access to invest is at our fingertips. Between the Ethereum ecosystem, and others like Solana are making massive headway in the growth of the space that places like Robinhood are no longer new exciting and cutting edge.

Lastly, the most important factor is RH has lost any credibility in trust. These centralized networks and crony corporatists are going to be priced out by these decentralized networks… that are actually letting people make money!

Either way good luck to all.

For reference I hold no position short or long in Robinhood. I do own Ethereum, Solana, and countless others so take this with a grain of salt because I do have vested interest.