Robinhood CEO believes that the market is expected to experience a "super cycle".

A cautious stance on cryptocurrency trading dragged down Robinhood's fourth-quarter revenue, and the company's stock price was also pressured on Tuesday. However, executives of the trading app downplayed this impact and talked at length about the prospects of a "super cycle" in the market, which allows users to bet on events such as sports and politics. Robinhood's quarterly revenue was $1.28 billion, up 27% year-on-year. However, this figure did not meet FactSet's expectation of $1.35 billion. Cryptocurrency trading revenue for the quarter fell by 38%. "We will not be distracted by short-term fluctuations and the trends of assets like Bitcoin," said Robinhood CEO Vlad Tenev in the company's earnings call. He believes that the technology behind Bitcoin will ultimately be used as the basis for more trading and other services. Tenev stated that he believes the current is the beginning of a "predictive market supercycle." Last year, Robinhood's derivatives-related department launched a Predictions Market Center. Trading volume in Robinhood's predictions market more than doubled in the fourth quarter, with over 12 billion contracts traded by 2025.