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    Robinhood distributes .5 million in Bitcoin to its gold customers
    Bitcoin

    Robinhood distributes $2.5 million in Bitcoin to its gold customers

    By Crypto EditorJanuary 2, 2025No Comments5 Mins Read
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    Robinhood began 2025 with a unprecedented gesture, distributing as a lot as 2.5 million {dollars} in Bitcoin to its Gold customers. This initiative was introduced on January 1, 2025, and goals to have fun the start of a brand new yr and reward the platform’s most loyal prospects.

    Robinhood’s help for Bitcoin might result in higher international adoption of the crypto, in addition to favor the worth of HOOD on the inventory market.

    Let’s see all the small print of the information.

    Robinhood presents its gold customers a prize of two.5 million {dollars} in Bitcoin

    On January 1, 2025, Robinhood launched a really fascinating initiative, distributing 2.5 million {dollars} in Bitcoin to its current gold customers. 

    This gesture was seen as a technique to thank the purchasers for his or her loyalty and to additional incentivize using the platform.

    https://twitter.com/RobinhoodApp/standing/1874608010729058418

    Extra particularly, Robinhood distributed rewards in Bitcoin (and in addition Dogecoin), to all those that visited the New Yr’s countdown display screen throughout yesterday.

    To say the prize, eligible customers wanted to have the newest model of the app and a crypto account on the trade, registering via electronic mail verification.

    The platform additionally requires recipients to maintain the worth of the reward of their pockets for at the least one yr.

    The CEO of Robinhood, Vlad Tenev, emphasised that this promotion was designed to reward current prospects relatively than a advertising transfer to draw new customers.

    In a publish on X, he wrote the next:  

    “You may need gotten used to us providing matches and incentives to new prospects. These concern all our current prospects.”

    Some folks, nonetheless, level out that the two.5 million {dollars} in Bitcoin symbolize a ridiculous determine, if we think about the two.2 million gold customers of the corporate.

    By doing a easy calculation, on common every buyer who participated within the exercise redeemed a price in crypto of only one.14 {dollars}.

    There are additionally those that declare to have obtained extra, since different elements appear to have been thought of for the distribution, however we’re nonetheless speaking about a number of greenback models.

    How the information might have a optimistic influence on the mainstream adoption of Bitcoin 

    The information of this “airdrop” by Robinhood, regardless of the small worth, strengthens the notice of the platform’s customers in the direction of Bitcoin.

    Initiatives like these, along with rising model consciousness, contribute considerably to rising the worldwide adoption of crypto currencies.

    Increasingly folks on Robinhood would possibly certainly think about Bitcoin funding as a legitimate choice to diversify their portfolios.

    Moreover, this transfer could possibly be taken for instance by different comparable brokers, inflicting a sequence response within the unfold of the Bitcoin mania.

    Take into account that already in December the customers of Robinhood symbolize collectively the tenth holders of Bitcoin, in response to Bloomberg information.

    https://twitter.com/StockMKTNewz/standing/1865505566363168892

    Not solely Robinhood, however different corporations are additionally contemplating coming into the crypto market, consolidating the mainstream adoption of Bitcoin.

    The case of MicroStrategy, which purchases the cryptocurrency with a DCA plan, is attracting many tech corporations which are contemplating replicating its monetary technique,

    Some asset managers like Bitwise and Attempt have additionally requested the SEC to launch spot ETFs that may make investments straight in corporations adopting Bitcoin inside their treasuries.

    Even complete nations are contemplating buying Bitcoin and together with it as a reference forex of their public stability sheets.

    El Salvador inaugurated this narrative in September 2021, adopting the crypto as authorized tender. From there on, there have been different nations which have thought of doing the identical, particularly the place inflation is persistently rampant, comparable to in Uganda and Venezuela.

    Even in the US, underneath the brand new Trump administration, the concept of including the orange forex to their stability sheet is being thought of, pending approval from the FED.

    Inventory Worth Forecasts for Robinhood (HOD): Bullish Outlook for 2025

    The present in Bitcoin from Robinhood to its prospects not solely contributes to the recognition of the cryptocurrency but in addition encourages the rise within the inventory quotations of HOOD.

    The forecasts for Robinhood’s inventory in 2025 are fairly optimistic, particularly if pushed by the optimistic momentum that the cryptocurrency market can supply.

    Within the final yr, the worth of HOOD has elevated by 243%, surpassing even what was recorded by the identical orange cryptocurrency.

    Particularly, ranging from February, the inventory listed on the Nasdaq initiated a really aggressive bull section. The quotations remained agency above the EMA 50 weekly, though they took a success through the bear correction in July.

    Now we anticipate a slight retracement within the coming weeks, till the bulls discover a secure help space from which to restart the upward development.

    The RSI appears to counsel an imminent downward motion, though we discover a big bullish divergence in comparison with the March high.

    The volumes are fairly excessive sufficient to justify a brand new leg up within the first quarter of the yr, comparable to to proceed the bull run of the inventory.

    In accordance with at the moment’s pre-market costs, HOOD will open with an increase of two.66% at 38.29 {dollars}. Most likely the graphic benefit comes because of the passion of its prospects for the end-of-year present in Bitcoin.

    Robinhood distributes .5 million in Bitcoin to its gold customers
    Supply: https://it.tradingview.com/chart/1hwwyywT/?image=NASDAQpercent3AHOOD





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