Robinhood CEO Vlad Tenev Says Open To Holding Bitcoin For Investment Purposes But It Could ‘Complicate’ Things For Investors
Robinhood Markets Inc. (NASDAQ:HOOD) CEO Vladimir Tenev said Monday that the company doesn’t rule out the prospect of holding Bitcoin (CRYPTO: BTC) on the balance sheet for investment purposes, but there are some factors to consider.
What Happened: In an interview with Anthony Pompliano, a well-known cryptocurrency advocate, Tenev indicated that the idea came up due to the company’s growing involvement in the cryptocurrency space.
He said that the company buys cryptocurrencies for its core trading business. “We have to do the work of accounting for it, and it’s essentially on the balance sheet anyway, so there’s a real reason for it,” the CEO added.
On the question of solely holding Bitcoin for investment purposes, Tenev argued that this could possibly “complicate” things for public market investors. “You’re thinking about RobinHood as …
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