Robinhood Chain — Contrarian Bull Thesis Gains Vocal Supporters
Multiple CT accounts are defending Robinhood's on-chain ambitions as misunderstood, framing 80% drawdowns as normal for new paradigms and calling RH chain one of crypto's most contrarian bets.
What we know
An account on X stated plainly that 'RH chain and tokenized stocks are going nowhere' and is working with the $BONER teams on ideas. Another account on X amplified a thread from Jaqs arguing that 'somehow betting on a $200B company is the most contrarian bet in crypto' — RH came into the market at 'the stone cold bottom of a bear market and gave trenchers everything they'd been asking for from Alon and Solana.'
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.