Robinhood Sets Bitcoin Price Target at $78,800 Ahead of August 28th

A prediction market on Robinhood has set a target for the price of Bitcoin (BTC) on August 28, 2026 at 12am EDT. The contract is based on CF Benchmarks' Real Time Index (RTI), which collects 60 prices in the last minute before expiration to determine the official and final value.

The market offers a payout of $1 for every contract owned if the prediction is correct, with additional fees applying. However, trading prohibitions apply to persons employed by certain agencies or holding material non-public information on Bitcoin.

The event contracts are offered by Robinhood Derivatives, LLC through various exchanges, and futures, options on futures, and cleared swaps trading involve significant risk and may not be suitable for everyone.