Opinion: If Robinhood succeeds, it will eliminate 90% of financial intermediaries

Odaily News Even Herd CEO Sam Jurrens posted on the X platform that if Robinhoods launch of stock tokens is successful, it will actually eliminate 90% of financial intermediaries, especially since Robinhoods proposal to tokenize everything for free will accelerate this process. However, Bloomberg Senior ETF Analyst Eric Balchunas questioned Robinhoods propaganda, believing that although Robinhoods stock price has risen 338% in the past 12 months, if investors can already get everything for free through ETFs (investing in large regulated investment tools), there is actually no need to switch to Robinhood (24-hour trading or instant settlement is not an advantage, because 99.9% of investors dont care about these at all).