Latest / Earn Your Leisure / Coinbase is FINISHED! Why Robinhood Just Won The Entire Market?

Transcript

Coinbase is FINISHED! Why Robinhood Just Won The Entire Market? · Earn Your Leisure

• 0:00
  Speaker 1: Who owns the next generation of investors?
• 0:04
  Speaker 2: The last time Vlad came on Market Mondays, I threw
• 0:10
  Speaker 2: out a question of how soon before you introduce agentic
• 0:14
  Speaker 2: AI into trading? And he said, oh, no, we haven't
• 0:17
  Speaker 2: looked at it. But even in the interview when he
• 0:20
  Speaker 2: smirked a little bit, that was a tell. I know
• 0:23
  Speaker 2: they are known for crypto, but I look at Robinhood
• 0:27
  Speaker 2: as Bloomberg for retail traders. And if you can now, like,
• 0:33
  Speaker 2: I love the developments. The summit was just in Houston.
• 0:37
  Speaker 2: So I got a lot of feedback of what was
• 0:39
  Speaker 2: going on, but even the development there has been tremendous.
• 0:44
  Speaker 2: But the agentic trading suite that they are going to
• 0:47
  Speaker 2: offer over the next couple of years, I think is
• 0:49
  Speaker 2: going to separate them for sure from Coinbase and the
• 0:54
  Speaker 2: predictions market. Like they are really a predictions market. derivatives
• 0:59
  Speaker 2: company that is almost second to none in terms of innovation.
• 1:03
  Speaker 2: So if I had to pick one, for sure, not
• 1:05
  Speaker 2: just because of our relationship, but I love from a
• 1:07
  Speaker 2: trader's standpoint what you can do there, I'm picking Robinhood
• 1:09
  Speaker 2: all day. What about you, Trevor?
• 1:11
  Speaker 3: I don't think it's a fair comparison because Robinhood does
• 1:15
  Speaker 3: what Coinbase does, essentially. I know as far as the ownership,
• 1:18
  Speaker 3: but you don't own your crypto on Coinbase anyway, but
• 1:20
  Speaker 3: for the crypto purists, I know it's... But Robinhood does
• 1:23
  Speaker 3: what Coinbase does.
• 1:25
  Speaker 1: Better. It does.
• 1:27
  Speaker 3: five other things that Coinbase does not do. So it's
• 1:30
  Speaker 3: in stocks. It's in the prediction market. It has an
• 1:33
  Speaker 3: AI agent now that can trade stocks for you. It's
• 1:36
  Speaker 3: going to be open 24 hours for stock trading. You
• 1:39
  Speaker 3: can buy gold. There's so many different things that Robinhood does.
• 1:43
  Speaker 3: It's a whole entire ecosystem when Coinbase is for cryptocurrency
• 1:47
  Speaker 3: and 90% of the cryptocurrency is stupid and useless. So, yeah,
• 1:54
  Speaker 3: I think that it's just not even... It's not even
• 1:57
  Speaker 3: a fair comparison because Robinhood does so. Robinhood is a
• 2:00
  Speaker 3: supermarket and Coinbase is a corner store.
• 2:04
  Speaker 2: Troy, what are your thoughts?
• 2:06
  Speaker 1: I've always been Robinhood. We call it the hood.
• 2:08
  Speaker 4: I've been in the hood for a long time and
• 2:11
  Speaker 4: we watch this. I think if we go back to
• 2:13
  Speaker 4: our companies of the year in December to watch in 2026. Yeah,
• 2:18
  Speaker 4: we both had them in there. This was on the
• 2:22
  Speaker 4: list and at that time it was trading.
• 2:23
  Speaker 1: Maybe yes. $ 72.
• 2:25
  Speaker 4: I know we got down to $ 67 and we bought
• 2:27
  Speaker 4: some calls there at $ 70.
• 2:28
  Speaker 1: Yeah, big on Robinhood.
• 2:30
  Speaker 4: Outside of the options market that has done well for them,
• 2:35
  Speaker 4: the prediction market, I mean, and Vlad told us this too,
• 2:38
  Speaker 4: he's like, look, it has changed everything. The prediction market,
• 2:42
  Speaker 4: I mean, 300% growth? And that's not going to slow down.
• 2:49
  Speaker 1: But yeah, I think you're right.
• 2:51
  Speaker 4: The plethora of things that they can do and the
• 2:55
  Speaker 4: opportunities that they present for the retail investors. Like I said,
• 2:58
  Speaker 4: I would say 90% of the people, especially young people,
• 3:01
  Speaker 4: when we ask them, like, do you have a brokerage account?
• 3:04
  Speaker 1: That's the company that they're saying.
• 3:05
  Speaker 4: And it's not, there's not, I can't even tell you
• 3:07
  Speaker 4: what number two is because everybody has, this is their entry.
• 3:11
  Speaker 1: Like I have Rappahood and they've made.
• 3:13
  Speaker 4: Their suite of products pretty accessible to all traders, really, right?
• 3:17
  Speaker 1: Even if you're a veteran, their products are really good.
• 3:21
  Speaker 1: Their products are really good.
• 3:22
  Speaker 4: So in terms of the next generation, I know most
• 3:25
  Speaker 4: millennials will say, hey, I have Bitcoin. And if there
• 3:29
  Speaker 4: is a brokerage that I'm using, a lot of times
• 3:30
  Speaker 4: it is Coinbase. But it just doesn't have the amount
• 3:34
  Speaker 4: of verticals that Robinhood presents. So I definitely got to
• 3:39
  Speaker 4: go with them.
• 3:40
  Speaker 2: And even on the future side, I'm not switching the
• 3:42
  Speaker 2: platforms that I use. But their future side and that
• 3:45
  Speaker 2: pricing ladder that we saw at the conference, it was
• 3:48
  Speaker 2: great on demo. And it's only gotten better since then.
• 3:51
  Speaker 2: So for them to be able to dominate prediction markets, options, futures,
• 3:56
  Speaker 2: it's a hard company to short. It's a mistake to
• 4:01
  Speaker 2: short this company.
• 4:02
  Speaker 1: This is a toss-up.
• 4:04
  Speaker 4: Now, some companies are aligned, and then there's one and
• 4:09
  Speaker 4: two in the space.
• 4:10
  Speaker 1: We're talking about cybersecurity on this one. CrowdStrike and Palo Alto.
• 4:16
  Speaker 1: This is one and two. This is one and two now.
• 4:19
  Speaker 2: It's like splitting hairs, man. Um, I, I really like both.
• 4:24
  Speaker 2: I'm not going to do my both answer. If I
• 4:27
  Speaker 2: have to pick just off top of my head, I'm
• 4:28
  Speaker 2: going to lean towards crowd strike, but you cannot go
• 4:32
  Speaker 2: wrong with either. Um, profit margins. Amazing. Definitely both are needed. Um,
• 4:40
  Speaker 2: given the landscape that we're in, especially with the influx
• 4:42
  Speaker 2: of AI and agentic stuff, that's going to happen over
• 4:44
  Speaker 2: the next four or five years. Um, But I think
• 4:48
  Speaker 2: Crowd is an amazing company. Personally hold it, like it
• 4:53
  Speaker 2: a lot. I hope Paula Esho as well. But I
• 4:57
  Speaker 2: really just like CrowdStrike a lot better.
• 5:02
  Speaker 4: I'm a firm believer of investing in the top two.
• 5:04
  Speaker 4: That may come as a surprise. And CrowdStrike has been
• 5:08
  Speaker 4: the one in cybersecurity. I'll tell you one thing that
• 5:11
  Speaker 4: has caught my attention recently. And that is Jensen Wang
• 5:15
  Speaker 4: saying that Paolo Alto is the cybersecurity of the future.
• 5:19
  Speaker 3: Hey.
• 5:20
  Speaker 4: He, you know, he alludes to its vast array of
• 5:26
  Speaker 4: products for enterprise.
• 5:29
  Speaker 1: And when I hear him talk like that. Yeah.
• 5:32
  Speaker 2: You know, it's interesting.
• 5:34
  Speaker 1: I got to, I got to start paying attention a
• 5:36
  Speaker 1: little bit more.
• 5:36
  Speaker 4: So I probably will, you know, have a position in
• 5:39
  Speaker 4: Paolo Alto been long on CrowdStrike for years. It reminded
• 5:43
  Speaker 4: me of Doug McDermott and ServiceNow when they were getting
• 5:46
  Speaker 4: beat up. And Jensen said, no, this is going to
• 5:48
  Speaker 4: be the sole application of the future. I was like,
• 5:51
  Speaker 4: all right, let me go research this. And lo and behold,
• 5:53
  Speaker 4: you saw a return here. But yeah, I think both
• 5:57
  Speaker 4: are great. I'm leaning CrowdStrike. But Palo Alto might be
• 6:03
  Speaker 4: adding a portfolio shortly.
• 6:05
  Speaker 2: Rashard, to you really quick, I would say they're like
• 6:07
  Speaker 2: Apple and Microsoft in the early 2000s or mid-2000s. Can't
• 6:11
  Speaker 2: go wrong with either. I think they're going to serve
• 6:12
  Speaker 2: different demographics. CrowdStrike's recurring revenue grew 51% to $ 332 million.
• 6:19
  Speaker 2: So I like CrowdStrike, but I think it's the Mac
• 6:22
  Speaker 2: versus PC debate all over again. Rashad, who do you have?
• 6:26
  Speaker 3: I have a vested interest in CrowdStrike. So for all
• 6:29
  Speaker 3: intents and purposes, that's... The Jensen move?
• 6:33
  Speaker 1: Yeah, for sure. Move the markets.
• 6:37
  Speaker 3: LeBron James reportedly will be paid four times more from
• 6:42
  Speaker 3: Polymarket than he's from 76ers this year.
• 6:45
  Speaker 5: Speaking about prediction markets.
• 6:47
  Speaker 1: Yeah. That's interesting. Can that be on the topic?
• 6:53
  Speaker 2: For sure.
• 6:56
  Speaker 1: Just like a detour really quickly.
• 7:00
  Speaker 4: We've had conversations about this internally, just about that brand
• 7:04
  Speaker 4: and athletes aligning with them. But we did see an
• 7:06
  Speaker 4: athlete recently who said I would never do that. So
• 7:10
  Speaker 4: I'm interested to hear the take on that.
• 7:12
  Speaker 5: And no disrespect to Polymarket, by the way.
• 7:14
  Speaker 1: No.
• 7:15
  Speaker 3: But I'm just reporting the facts. And Wimbyamba, yeah. Yeah,
• 7:18
  Speaker 3: we can talk about it on the back out. I
• 7:19
  Speaker 3: think it's worth talking about. We can have a conversation
• 7:21
  Speaker 3: about if a pro athlete has any moral obligation when
• 7:26
  Speaker 3: it comes to aligning themselves with either gambling companies or
• 7:30
  Speaker 3: prediction market companies, especially if money has already has no
• 7:35
  Speaker 3: longer been an object.
• 7:38
  Speaker 5: But then again, they said a billion is not what
• 7:40
  Speaker 5: it used to be.
• 7:41
  Speaker 1: What about three? Still.
• 7:46
  Speaker 2: And do you think Wim be lying?
• 7:48
  Speaker 5: No, I don't think he's lying.
• 7:51
  Speaker 1: Yeah, he sounded pretty sincere when he talked.
• 7:52
  Speaker 5: I don't think he's lying.
• 7:53
  Speaker 3: But then also, people, you know, people's Views on things
• 7:58
  Speaker 3: change over time.
• 7:59
  Speaker 1: That's true.
• 8:01
  Speaker 4: In the press conference, you can listen to his point
• 8:04
  Speaker 4: of view change. He said, there were things that I
• 8:06
  Speaker 4: was asked to do in my first few years that
• 8:09
  Speaker 4: I did because I thought I needed more income at
• 8:12
  Speaker 4: this point.
• 8:12
  Speaker 5: In my life.
• 8:13
  Speaker 1: And this is just a short amount of time, less
• 8:14
  Speaker 1: than five years.
• 8:15
  Speaker 4: He's looking at it like that doesn't actually align with
• 8:18
  Speaker 4: what I need in my life or what I want
• 8:19
  Speaker 4: to do or the message I want to portray.
• 8:21
  Speaker 5: I think Kevin Durant's response is interesting.
• 8:24
  Speaker 2: For sure. And we can have a conversation, maybe not now,
• 8:28
  Speaker 2: maybe Wednesday, but is it more dangerous to promote the
• 8:31
  Speaker 2: gambling or to promote the consumer packaged goods that leads
• 8:34
  Speaker 2: to diabetes? Yeah, that's way more.
• 8:40
  Speaker 1: Double negative.
• 8:42
  Speaker 4: Let's go with this. This is this last one here.
• 8:46
  Speaker 4: And this is in the AI infrastructure, specifically in cooling.
• 8:50
  Speaker 4: One of my companies that I've been here on for
• 8:53
  Speaker 4: at least two or three years, Shout out to everybody
• 8:55
  Speaker 4: that was in our mastermind. We talked about this one.
• 8:58
  Speaker 4: I think this is in 2025, January?
• 9:01
  Speaker 1: Vertiv or Eaton.
• 9:02
  Speaker 4: Tickets VRT and ETN. Which power and cooling stock do
• 9:08
  Speaker 4: you trust with your money?
• 9:11
  Speaker 2: Man, this is another tough one. Both are phenomenal. But
• 9:16
  Speaker 2: if I have to give a quick answer, I'm going
• 9:19
  Speaker 2: to lean with Vertiv. Like them a lot. you can't
• 9:25
  Speaker 2: really go wrong with either. If you hold them for
• 9:28
  Speaker 2: a long period of time, um, free cash flow margin
• 9:32
  Speaker 2: is 25.9%. Gross margin is 38. Net margin is 15
• 9:37
  Speaker 2: solid company. I like the performance of the company. Um,
• 9:43
  Speaker 2: price wise, if it falls back to two 33 51,
• 9:46
  Speaker 2: I like it. Um, But yeah, I'm going to lean
• 9:55
  Speaker 2: on Vertiv for sure. What about you?
• 10:00
  Speaker 4: I'm a huge, huge proponent of liquid cooling and Vertiv
• 10:06
  Speaker 4: is leading.
• 10:07
  Speaker 1: And this is sometimes just paying attention and being aware
• 10:09
  Speaker 1: of your surroundings. When we had.
• 10:11
  Speaker 4: The privilege of going to GTC a few years ago
• 10:16
  Speaker 4: and we went in the display hall And I just
• 10:19
  Speaker 4: kind of looked around at companies that had the largest activations.
• 10:24
  Speaker 1: I still have the pictures. I took the picture. It
• 10:26
  Speaker 1: was Micron. I'm like, all right, cool. We already know
• 10:29
  Speaker 1: that that's going to be a player. We're here.
• 10:30
  Speaker 4: I looked to my left. I said, oh, here goes Supermicro.
• 10:34
  Speaker 4: They've had some issues. And then it was Vertiv. And
• 10:38
  Speaker 4: I'm like, oh, cool. I've been studying that company. Let
• 10:40
  Speaker 4: me go over there and talk to them about what
• 10:42
  Speaker 4: they're doing. And then to actually be in NVIDIA and
• 10:45
  Speaker 4: see what a rack looks like, see where the memories place,
• 10:48
  Speaker 4: see where GPUs place, but see what keeps this all together.
• 10:51
  Speaker 1: And that was the liquid cooling. Why is it important?
• 10:53
  Speaker 4: Because these chips have to be relegated at a certain
• 10:57
  Speaker 4: temperature and it can't be off by like a degree.
• 11:00
  Speaker 4: It has to be extremely precise. So each plate has
• 11:04
  Speaker 4: a liquid cooling, more demand, more racks, more liquid cooling.
• 11:09
  Speaker 1: Ian's a good company.
• 11:10
  Speaker 4: They actually do, you know, they sell electronic equipment for
• 11:13
  Speaker 4: data centers. So that demand will keep going.
• 11:15
  Speaker 1: Both are good.
• 11:16
  Speaker 4: I think they're both are needed. I just see Vertiv
• 11:19
  Speaker 4: with the companies that they have now partnered with. And
• 11:22
  Speaker 4: that's always one of my telltale signs, find out which
• 11:25
  Speaker 4: hyperscalers they're working with. The fact that the NVIDIA is
• 11:28
  Speaker 4: one of their leads is a good sign for me
• 11:30
  Speaker 4: going into the future until we hear something in technology
• 11:33
  Speaker 4: that changes that.
• 11:34
  Speaker 1: And what do I mean by that?
• 11:36
  Speaker 4: Like a year ago, Microsoft said, Hey, liquid cooling is
• 11:38
  Speaker 4: going to be an issue. We know what Vertiv does
• 11:41
  Speaker 4: rather than having their, piping come through the actual GPU,
• 11:46
  Speaker 4: they're building GPUs that have cooling on them.
• 11:48
  Speaker 1: So that was preliminary stages.
• 11:50
  Speaker 4: They haven't had a prototype built yet, but that type
• 11:52
  Speaker 4: of talk, you just got to pay attention to.
• 11:54
  Speaker 2: So for now, right now. For now, yeah, that's a
• 11:57
  Speaker 2: good point. In this moment. Yeah, in this moment.