Dan Dolev, senior analyst at Mizuho, says Robinhood is less tied than crypto than you think.

Wall Street

Dan Dolev, a senior analyst at Mizuho, explained that Robinhood's exposure to cryptocurrency is less significant than commonly believed. While Robinhood's stock price tends to rise with crypto gains, it does not fall as sharply during downturns, offering a balanced exposure for investors. Dolev highlighted that Robinhood is expanding into less volatile sectors, such as retirement and international markets, which may further insulate it from crypto market swings.

In contrast, Dolev noted that Coinbase is more vulnerable to crypto volatility due to its reliance on altcoins, and MicroStrategy's performance is closely tied to Bitcoin's price movements. He suggested that Robinhood may be a safer option during periods of market instability, while companies like MicroStrategy are more attractive when Bitcoin is performing well.

Mizuho’s Dan Dolev on how closely Robinhood is tied to crypto

Now take a look at Bitcoin dropping down to just under 104,000 today lowest level in nearly four months So it's back up to 107 now the selling really started about a week ago dragged down names in the ecosystem Robin hood where a lot of people like crypto down over 15% since and coinbase Posting its worst week since April micro strategy also under pressure So can these companies regain their momentum if crypto doesn't join me now here on set is Dan Dolev senior analyst at Mizzou Dan I know you like Robin Hood. How tight is it to crypto less than most people think right? This is what we've been saying all along like you want to be exposed to crypto But you don't want to be exposed to crypto too much and right? It's like chocolate you want a little bit but not too much and Robin Hood gives you sort of the perfect dose of crypto It goes up when crypto goes up But it doesn't go down as much when crypto falls on days like this a week like that and that's the perfect mix Well, how exposed are some of these names including Robin Hood then and maybe Robin Hood more than than the rest even outside of crypto? To just this market exuberance and the volatility that comes with it We just had Thomas Peter feet on yesterday with interactive brokers earnings I think in a way trying to differentiate his fortune from Robin Hood. Take a listen Our investors are Very careful and and we do not have I mean, you know We do not have investments in in in crazy overvalued stocks. We that's that's not a problem From our customers point of view and I do not know if even there are many of those in the market today Are they exposed to the new meme stocks? Less and that's exactly interesting less than they were like in 2020 or 2021 So their plan is to actually 10x the business and they're getting into verticals, which are much less volatile. They're getting into retirement They're bringing actually assets from some of those esteemed competitors that you've just mentioned. They're getting into Asia. They're getting into Europe So I think in the next cycle Robin Hood will be much more insulated to these market dynamics, but not completely bulletproof as you might imagine What about coinbase? So that's the thing right to coinbase so we're neutral and coinbase but coinbase on a relative basis is much more prone to these vote to this volatility because it's got a Lot of altcoins right and I've seen all these memes about what happens to altcoins when Bitcoin goes down And that's how they make most of their money. So I would say in rough times Robin Hood is your better bet. How about micro strategy and in general some of these names or approaches that are using either leverage or Other vehicles to sort of double and triple down on a almost religious bet Interesting you say that right like the the religious aspects of it the I've been thinking about this a lot, right? But it those stocks like the Bitcoin Treasury stocks, right and we cover obviously micro strategy You want to own them? Actually history shows is when Bitcoin goes up You want to own a lot more of them because they would go up our prediction is actually I mean believe it or not Our prediction is that Bitcoin will go up by the end of the year and that's why we have an outperforming micro strategy So you want to own it's rough It's it's more difficult to own these names when Bitcoin has a little bit of a flu But you know, this is just another Tuesday in crypto world, right? like these things happen all the time, right we could be sitting here together next week and The skies will be blue and everything will be great. So you never

The Trump administration is awaiting word from the Supreme Court after asking it to allow the immediate deployment of National Guard troops to Illinois to protect Immigration and Customs Enforcement officers. A lower court blocked the move.

Portland

Tensions rising in Portland, Oregon over immigration tactics

President Trump posted a video of a U.S. military strike on a submersible suspected of smuggling drugs. Two people were killed in the strike but the survivors were brought to a Navy ship. Trump says the U.S. will send the them back to their home countries for prosecution.

Washington

Trump says survivors of U.S. drug submersible will be sent home

The U.S. State Department issued a warning that Hamas appeared to be planning an attack 'against Palestinian civilians,' warning that such an attack would 'constitute a direct and grave violation of the ceasefire agreement'.

Tel Aviv-Yafo

Middle East Conflict

State Dept. flags ceasefire violation by Hamas

Britain's Prince Andrew said on Friday he would give up using his title of Duke of York following years of criticism about his behavior and connections to the late U.S. sex offender Jeffrey Epstein.

Windsor

Prince Andrew gives up title of Duke of York

Ukrainian President Volodymyr Zelenskiy came to the White House on Friday looking for weapons to keep fighting his country's war with Russia, but met an American president who appears more intent on brokering a peace deal than upgrading Kyiv’s arsenal.

Ukraine Invasion

Trump pauses on sending Tomahawks to Ukraine

Tension is rising between the U.S and Venezuela. The latest threats from the US warning of stronger measures against Nicolas Maduro’s government — have sparked both fear and fragile hope across Venezuela.

Caracas

Venezuela on high-alert amid U.S strikes

In the aftermath of a destructive Typhoon Halong, historic floodwaters have destroyed remote communities across western Alaska, forcing hundreds of evacuations that could continue for days.

Kipnuk

Mass evacuations in Alaska after record floodwaters

Mr. Trump seemed open to trading U.S.-made Tomahawk's for Ukrainian-made drones, but then he argued Ukraine might not even need new weapons if he can broker a swift end to the invasion.

Trump says he'd rather broker peace than send Tomahawks to Ukraine

President Trump announced that he has commuted former New York Rep. George Santos' sentence on Friday in a post on his social media platform Truth Social.

President Trump commutes George Santos' sentence

The head of the World Trade Organization said on Thursday (October 16) she is urging the U.S. and China to de-escalate trade tensions, warning that a decoupling between the world's two largest economies could reduce global economic output by 7% over the longer-term.

WTO urges U.S., China to ease trade war or risk global growth

John Bolton pleaded not guilty at a Maryland federal court on Friday (October 17). This comes after the former Trump administration national security adviser was indicted on 18 counts for his alleged mishandling of classified information.

Greenbelt

John Bolton pleads not guilty to criminal charges

Buckingham Palace announced Friday that Prince Andrew is giving up his royal titles. This comes after a posthumous memoir by Jeffrey Epstein accuser Virginia Roberts Giuffre emerged.

London

Prince Andrew giving up his royal titles, Buckingham Palace says

U.S. President Donald Trump is meeting at the White House with Ukrainian President Volodymyr Zelenskyy Friday as the war between Russia and Ukraine continues. On Thursday, Trump spent more than two hours on the phone with Russian President Vladimir Putin.

Trump set to meet with Zelenskyy

Ahead of a meeting with Ukrainian President Zelensky, Trump cast doubt on supplying Tomahawk missiles to Kyiv, citing U.S. stock concerns. He also discussed the issue with Russian President Putin, who opposed the idea, raising questions about future Ukraine aid.

Trump questions sending Tomahawks to Ukraine after Putin call

At least one person was killed and dozens of police officers injured in widespread protests overnight in Peru against President Jose Jeri, who assumed power just days ago. The government will declare a state of emergency in Lima within hours and is preparing a package of measures to tackle rising insecurity.

Lima

Peru to impose state of emergency after violent clashes

The espionage case against Christopher Berry and Christopher Cash collapsed after government officials refused to testify under oath that China posed a threat to national security.

MI5 chief warns China a ‘daily threat’ after spy case collapse

NATO is increasing its capabilities on its eastern flank after recent Russian drone incursions. At the same time the EU has announced a major defence policy roadmap aimed at deterring threats from Russia.

Šiauliai

NATO, EU step up defences to deter Russia

The U.S. military flew three B-52 bombers on missions near the coast of Venezuela, according to a Global Strike Command spokesperson and a U.S. official, as the Trump administration continues to exert pressure on Venezuelan President Nicolás Maduro's government.

U.S. flies B-52 bombers off the coast of Venezuela

A federal judge overturned a Homeland Security decision to cut anti-terrorism funding for New York City. The ruling comes as the Trump administration faces lawsuits from Democratic governors over similar cuts.

New York

Judge blocks Trump cuts to New York City's anti-terrorism funds

China has accused the U.S. of stoking panic over its rare earth controls and said Treasury Secretary Scott Bessent had made "grossly distorted" remarks about a top Chinese trade negotiator, rejecting a White House call to roll back the curbs.

Beijing

Global Tariffs

China blames U.S. for global panic over rare earths controls

U.S. President Donald Trump on Thursday said he had a "productive" phone call with Russian President Vladimir Putin and announced plans for a meeting with Putin in Hungary.

Trump says he plans to meet with Putin in Hungary

Israel said it was preparing for the reopening of Gaza's Rafah crossing with Egypt but set no date as it traded blame with Hamas over violations of the ceasefire. A row over the return of bodies of hostages from Gaza retains the potential to upend the truce.

Jerusalem

Netanyahu says fight with Hamas 'not over yet'

Tumultuous scenes unfolded during the public viewing of late Kenyan Prime Minister Ralia Odinga's body. The 80-year-old's coffin was on its way to a Nairobi stadium when security forces fired tear gas and gunshots into the crowds. At least two people have reportedly been killed.

Nairobi

Kenyan police open fire at mourners at Odinga public viewing

Pakistan and Afghanistan agreed to a temporary ceasefire on Wednesday after airstrikes and ground fighting ramped up tensions between the South Asian neighbors, leaving more than a dozen civilians dead and 100 wounded.

Balochistan

Pakistan, Afghanistan agree temporary truce after fresh fighting

U.S. President Trump confirmed CIA covert operations in Venezuela during a press conference in the Oval Office on Wednesday. CBS News' Ed O'Keefe asked Trump about what that means for Nicolás Maduro.

Trump authorizes CIA covert operations in Venezuela

Israel is still limiting the number of aid trucks allowed to enter Gaza nearly a week after a ceasefire deal was agreed. It’s told the United Nations will only allow 300 per day - that's half the minimum number agreed under the truce.
The UN says even 600 trucks entering daily would not be enough to meet the needs of the population.

Gaza ceasefire fears as Israel limits aid trucks to less than agreed

President Trump confirmed that he has authorised the CIA to go into Venezuela and conduct covert operations.

Trump says he authorised covert CIA operations in Venezuela

Hamas is back on the streets of Gaza in an attempt, it says, to restore law and order -- and to send a message.

Hamas executes Palestinians accused of collaborating with Israel

A federal judge in Oregon has extended temporary restraining orders that block the Trump administration from deploying National Guard troops to Portland. Meanwhile, federal agents in Chicago used tear gas to disperse a crowd after a car chase ended in a crash.

Chicago

Federal agents deploy tear gas in Chicago despite court order

A federal judge on Wednesday temporarily ordered the Trump administration to halt the firing of workers during the government shutdown.

Breakdown