Robinhood CEO Tenev Says He’s Bullish on Bitcoin Long Term, Won’t Predict $1 Million Price

Robinhood Markets Inc. Chief Executive Officer Vlad Tenev said he is bullish on Bitcoin over the long term, but declined to offer a specific price target.

Crypto-focused media outlet Odaily reported on August 24 that Tenev made the remarks in a recent interview with the podcast “The Iced Coffee Hour.”

He said he does not make specific price forecasts such as whether Bitcoin will eventually reach $1 million.

Tenev also said his investment portfolio is highly diversified. He added that he has traded cryptocurrencies in the past and still likes the asset class.

He also said he personally uses Robinhood for trading. Tenev added that he used Reddit when he first started using Robinhood, but no longer posts there.