Robinhood's CFO Shiv Verma is pushing back against Wall Street skepticism as the company's shares plunged 9% following its latest earnings report. Despite the market's reaction, Verma defended the company's long-term vision of becoming a financial super app, telling Yahoo Finance that Robinhood is making progress across multiple fronts including active traders, wallet share, global expansion, and institutional services.

While Robinhood's crypto business has drawn investor scrutiny, Verma emphasized that digital assets account for only about 18% of revenue, with more than 80% coming from other sources. The company remains bullish on crypto despite recent volatility, with Verma stating, 'We love the technology. We think it's here to stay.' This optimism is echoed by industry figures like Anthony Pompliano, who predicted bitcoin could reach $1 million if it doesn't go to zero.

Some analysts see the selloff as a buying opportunity. Bernstein's Gautam Chhugani called the slump a temporary setback, noting Robinhood beat EPS estimates by 6% and reached record highs for funded accounts and Robinhood Gold users. The analyst suggested the $60 to $75 range represents a good accumulation zone, particularly as Robinhood expands into prediction markets, AI tools for traders, and institutional services through acquisitions like Bitstamp and TradePMR.