Bitwise CIO bullish on Robinhood's move to enable continuous trading with blockchain tools.

Top analyst correctly predicted market rally and is bullish on rising tech stock. Robinhood unveils tokenized U.S. stocks and private-company tokens on Ethereum layer-2 blockchain, allowing 24/7 trading. Bitwise CIO sees potential in Robinhood’s move to enable continuous trading with blockchain-based tools, calling it a clear signal of where the market is heading.

Bitwise CIO accurately predicted crypto rally in 2024 and praises Robinhood’s move towards continuous trading. He questions the traditional market hours and sees blockchain as the key to enable 24/7 trading with near-instant settlement.

Robinhood’s decision to build on Arbitrum and enable continuous trading makes Bitwise CIO bullish on the platform. He expects a surge in interest in Ethereum and Arbitrum due to this move, driving more users towards on-chain assets and decentralized applications.

Tokenized stocks on Arbitrum will attract retail and institutional users towards on-chain assets and decentralized applications. Bitwise CIO believes the market will quickly shift towards tokenized securities, a move that was unimaginable just a few years ago.

Robinhood’s tokenized stocks, while not yet available to U.S. investors, indicate the direction of the broader market. Bitwise CIO sees this as an extraordinary announcement that promises faster execution, reduced counterparty exposure, and a seamless bridge between traditional finance and digital-asset infrastructure.

Read more at Yahoo Finance: Top analyst who correctly predicted market rally turns bullish on rising tech stock