Robinhood Markets Inc, the stocks and crypto brokerage company is valued at the Nasdaq bourse at 7.35 billion USD, which is approximately the cash on hand Robinhood Markets possesses in its balance sheet.
Yes, Robinhood Markets quickly burned through cash as evidenced in recent years, The market, however seems to be pricing a binary scenario that Robinhood Markets either goes bankrupt or explodes in value.
In my humble opinion, when the stock prices and Bitcoin and other cryptocurrencies' prices begin to recover Robinhood Markets value will increase exponentially. I would say Robinhood Market's market capitalisation could increase 5 to 7 times in the next 7-10 years.
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