According to co-founder of popular apps for stock trading and cryptocurrency Robinhood Vlad Tenev, despite a significant reduction in price, bitcoin is a very viable asset. It is reported by CoinDesk.

As one evidence of this, Tenev leads the argument that the price of the first cryptocurrency repeats much of the same patterns that a few years ago. This means that the decline in the market sooner or later will end, replaced by a new growth phase.

“It is very silly to say that bitcoin came to an end,”he said.

According to him, in his company work hard to ensure the stability and reliability of the platform, where a true “hundreds of thousands of transactions.”

However, Tenev said that many companies abuse the term “blockchain”, taking pains with it, “hypnoti”. We offer such companies decisions are such that for their implementation, usually a database.

Finally, the co-founder of Robinhood noted that his company intends to become a market leader and to stay “for decades”.

It is worth noting that just a few days after the launch of the ability to trade in cryptocurrencies, new Robinhood users exceeded one million people. By the end of January this year, the app was used by three million people.

We will remind, in may the market capitalization Robinhood to $5.6 billion.