Robinhood Sets Price Target for Bitcoin on August 2, 2026

The prediction market on Robinhood has set a price target for Bitcoin (BTC) on August 2, 2026 at 4am EDT. According to the contract, if the price of BTC reaches or exceeds $53,600, the holder of the contract will receive a payout.

The contract uses CF Benchmarks' Real Time Index (RTI) to determine the official and final value of Bitcoin's price. This involves collecting 60 RTI prices at the last minute before expiration and averaging them for the final result.

Those who hold contracts will either receive a payout if their prediction is correct or can close their position before the event resolves, incurring additional fees. However, certain individuals are prohibited from trading on this contract due to employment with Source Agencies or holding material non-public information on Bitcoin.