What the Stock Market's 'Robinhood Rally' Means for Bitcoin

The largest 50-day rally in stock market history and even shares of bankrupt companies are up more than 100%. What is going on?

AccessTimeIconJun 9, 2020 at 7:35 p.m. UTC
Updated Aug 19, 2021 at 2:27 a.m. UTC

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The largest 50-day "Robinhood" rally in stock market history and even stocks of bankrupt companies are up more than 100%. What is going on?

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  • This episode is sponsored by Bitstamp and Ciphertrace.

    Today on the Brief:

    • Saudi Arabia injects $13 billion in bank liquidity via blockchain.
    • China’s state TV CCTV says Binance is still allowing crypto trading in China.
    • MakerDAO community greenlights real world collateral. 

    Our main topic: The “Robinhood Revolution.” 

    The next time someone tells you crypto markets are too irrational or volatile, point them to stock markets right now.

    • The largest 50-day rally in history
    • Every S&P 500 stock up from 10 weeks ago
    • Multiple bankrupt companies up more than 100% since they declared bankruptcy

    This is the “Robinhood Revolution,” as a horde of day traders are outperforming billionaire investors and commanding the stock market narrative. 
    This episode looks at:

    • Who is this new generation of investors 
    • Why they’re so active right now
    • What they’re betting will go up
    • Why they don’t care about earnings, balance sheets or any other fundamentals
    • Four scenarios for how this rally could have an impact on the bitcoin and crypto industry 

    For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

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