{"id":22964,"date":"2025-04-21T08:46:51","date_gmt":"2025-04-21T08:46:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22964"},"modified":"2025-04-21T08:46:51","modified_gmt":"2025-04-21T08:46:51","slug":"robinhoods-vlad-tenev-once-deemed-hood-stock-highly-correlated-with-bitcoin-heres-how-the-relation-has-shifted-in-2025","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22964","title":{"rendered":"Robinhood&#8217;s Vlad Tenev Once Deemed HOOD Stock &#8216;Highly Correlated&#8217; With Bitcoin\u2014Here&#8217;s How The Relation Has Shifted In 2025"},"content":{"rendered":"<div>\n<p>Commission-free trading platform <strong>Robinhood Markets Inc.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/HOOD#NASDAQ\">HOOD<\/a>) has seen cryptocurrencies take a larger share of its reported revenues in recent years, rendering it susceptible to their market movements to some extent.<\/p>\n<p><strong>What happened: <\/strong>None other than CEO <strong>Vlad Tenev <\/strong>conceded in a December interview that the HOOD stock <a href=\"https:\/\/www.benzinga.com\/24\/12\/42665004\/robinhood-ceo-says-open-to-holding-bitcoin-for-investment-purposes-but-it-could-complicate-things-for-investors\">was &#8220;highly correlated&#8221;<\/a> with <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>), the world&#8217;s largest cryptocurrency by market capitalization, despite Robinhood not accepting Bitcoin as a treasury reserve asset.<\/p>\n<p>Tenev made the remark when Bitcoin was in the middle of a bull run, having crossed the $100,000 milestone earlier in the month.<\/p>\n<p>At the time, the correlation coefficient between Bitcoin and the HOOD stock was around 0.70, <a href=\"https:\/\/in.tradingview.com\/chart\/XlzxagWe\/\">according <\/a>to TradingView, indicating a strong positive linear relationship between the two assets. This meant that as one increased, the other tended to follow suit.<\/p>\n<p><strong>See Also:<\/strong><a href=\"https:\/\/www.benzinga.com\/25\/04\/44621245\/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock\"><strong> <\/strong><\/a><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/04\/44891685\/gary-black-shares-polymarket-data-says-trump-tariffs-have-pushed-odds-of-2025-recession-to-57\"><strong>Gary Black Shares Polymarket Data, Says &#8230;<\/strong><\/a><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/04\/44892417\/robinhoods-vlad-tenev-once-deemed-hood-stock-highly-correlated-with-bitcoin-heres-how-the-\" alt=\"Robinhood's\" vlad tenev once deemed hood stock correlated with bitcoin how the relation has shifted in>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Commission-free trading platform Robinhood Markets Inc. (NASDAQ:HOOD) has seen cryptocurrencies take a larger share of its reported revenues in recent years, rendering it susceptible to their market movements to some extent. What happened: None other than CEO Vlad Tenev conceded in a December interview that the HOOD stock was &#8220;highly correlated&#8221; with Bitcoin (CRYPTO: BTC), [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22964","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22964"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22964\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}