Ansem expects Robinhood's stock price to reach a new high in the fourth quarter

Crypto KOL Ansem stated that traditional financial companies often lag when integrating new cryptocurrencies, as management tends to see relevant data later.

He believes that Robinhood's current stock price has been gaining momentum from the bottom area, while its crypto business is launching a layer two blockchain, which is expected to bring significant new sources of revenue. Therefore, he is optimistic that HOOD will reach an all-time high in the fourth quarter, rising about 50% from the current level.