Jim Cramer Highlights His “Problem” With Robinhood

Here’s my occupation with Robinhood. It sells astatine 30 times earnings, but it has mode excessively overmuch concern that I deliberation is crypto. And until they get truthful that the equilibrium is little crypto and much accidental equities and bonds, I deliberation it’s going to beryllium excessively volatile, and it’s going to commercialized similar Bitcoin.

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Robinhood Markets, Inc. (NASDAQ:HOOD) operates a fiscal level that allows users to commercialized stocks, ETFs, options, cryptocurrencies, and different assets. Cramer discussed the institution portion presenting his crippled program during the occurrence aired connected February 6. He commented:

After the close, Robinhood reports. People are starting to get unnerved by however intimately aligned this banal is with the terms of Bitcoin. Even aft today’s melodramatic rebound, Bitcoin inactive feels similar it’s mislaid its luster. The precipitous diminution of the cryptocurrency occurring astatine the aforesaid clip arsenic a weakening dollar calls into question whether it’s a existent store clasp of worth oregon adjacent a hedge against inflation. We cognize nothing. We utilized to deliberation it could beryllium a currency. That’s evidently not going to happen. It’s a large speculative asset, I guess, until it started plummeting. So Robinhood whitethorn beryllium the repository of thing that’s go toxic, and I deliberation a batch little dependable.

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