Robinhood Aims for Aug 30 Bitcoin Price Lockdown

Rick and Morty fans may recognize the date August 30, 2026. It's also the day when Robinhood will determine the outcome of a specific contract related to the price of Bitcoin.

The contract in question is based on the CF Benchmarks' corresponding Real Time Index (RTI) and will use 60 RTI prices collected at the last minute before expiration to calculate the average value. This final value will be used as the reference point for determining the payout.

According to the details provided by Robinhood, if the price of Bitcoin is $78,100 or above on August 30, 2026 at 8am EDT, contract holders can expect a payout of $1 per contract. If the price falls below this target, no payment will be made.