The White House officially launched the "Trump Account" project on Monday, and Robinhood is on line on the platform with the New York Melon Bank as the official partner in the US Treasury Department's promotion. After the news was released, the Robinwood stock price went up against the overall fall of the digital assets of the day.
Robinhood's stock price is going down. High
According to Yahoo's financial data quoted in the paper, Robinhood stock prices were close to $114, rising by more than 2 per cent that day, and cumulatively by more than 13 per cent over the past five trading days. In the same trading day, Bitcoin fell by $62,000 and the digital asset market as a whole was under pressure.
Wall Street's expectations of Robinwood continue to rise. Prior to this, Piper Sandler maintained a “buy-in” rating for Robinwood at a target price of $135; BTIG also reaffirmed the “buy-in” rating and maintained a target price of $125.
Plan to provide seed money for newborns
The “Trump Account” programme will provide a federal start-up fund of $1,000 for eligible children born between 2025 and 2028. Households can then continue to invest additionally to form long-term investment accounts.
Trump was present at the White House launch. According to the article, he also sounded the opening bell of the NASDAQ and the New York Stock Exchange. Michael Dale, the founder of Dell, stated on the spot that he and Susan Dell would provide a total of $6.25 billion through the scheme for 25 eligible American children.
Bitcoin is not included in the account
Despite recent public support for digital assets, encrypted currencies are not currently covered by the "Trump Account" scheme. When asked whether Bitcoin could be included in the future, Trump responded that “something could have happened”.
At the same time, he reiterated his support for encrypted currency and his desire to make the United States the “global city of encryption”. This means that while the current plan remains dominated by traditional investment savings accounts, the White House has not completely ruled out the possibility of subsequent entry into digital assets.
However, the plan has also been criticized. Economists, Peter Schiff, who has long seen bitcoin, wrote on platform X that government-provided start-up funding of $1,000 is still inherently dependent on new federal borrowing rather than on new revenue.
According to Schiff, this means that the beneficiary children will also bear the corresponding public debt burden in the future. He argued that reducing government spending was a more appropriate policy option than increasing borrowing.