Robinhood Adds Support for Bitcoin and Dogecoin to its Crypto Wallet
Robinhood has expanded its non-custodial Web3 wallet’s support networks to Bitcoin and Dogecoin, which was driven by its clients’ desire to have more assets on more blockchains.
Robinhood has expanded its non-custodial Web3 wallet’s support networks to Bitcoin and Dogecoin, which was driven by its clients’ desire to have more assets on more blockchains.
Only six months after launching its own crypto wallet, Robinhood has added “custody, send, and receive support” for Bitcoin and Dogecoin, as well as enabling Ethereum swaps.
Analysts James Seyffarth and Eric Balchunas of Bloomberg now estimate the likelihood of a spot Bitcoin ETF launching before the end of 2023 to be 75%, after Grayscale’s legal victory over the SEC.
Bloomberg Senior Analyst Mike McGlone has compared Bitcoin metrics to the stock market and concluded that even if BTC dropped to $10,000, it would still keep its remarkable performance.
On August 28, HashKey, an SFC-licensed exchange platform, launched Bitcoin and Ethereum trading services for both institutional and retail clients.
Analysts at Pantera Capital claim that Bitcoin will reach $35,000 before the block reward is reduced in April 2024.
Michael van de Poppe, a trader and analyst, has estimated that the current correction could last four to six weeks, with the subsequent growth pushing the price of digital gold to around $50,000.

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