Buy Robinhood as Crypto ‘Monster’ Cycle Dawning, Bernstein Says
- ‘Now is the best time’ to invest in Robinhood, says analyst
- Broker expects ‘monster of a crypto cycle’ in 2024 and 2025
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The market value of digital assets is poised to nearly triple to $7.5 trillion by 2025, according to one Wall Street firm that is bullish on a cryptocurrency comeback.
This year and the next will bring a “monster of a crypto cycle,” according to Bernstein as the research firm initiated coverage on Robinhood Markets Inc. at outperform. Investors should ride the “crypto comeback arc,” said analyst Gautam Chhugani who sees the online brokerage’s crypto trading volume growing nine-fold over the next two years.