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

Even Herd CEO Sam Jurrens stated on the X platform that if Robinhood successfully launches tokenized stocks, it will effectively eliminate 90% of financial intermediaries, especially as Robinhood's proposal of 'tokenizing everything for free' accelerates this process. However, Bloomberg senior ETF analyst Eric Balchunas questioned Robinhood's promotional claims, arguing that despite Robinhood's stock price rising 338% over the past 12 months, if investors can already obtain everything for free through ETFs (investing in regulated large investment vehicles), there is actually no need to switch to Robinhood (24-hour trading or instant settlement is not an advantage because 99.9% of investors simply do not care about these).$BTC