4 ms·

maybe allows more retail investors to buy? hypothetically fractional shares solves this but i bet in practice, not many folks buy fractional shares.

• TheAlchemist 2y ago
  That's about the only 'rational' explanation I can think of - but I suspect that's really small money overall - it's not people who can only afford to buy 50$ that will drive up the price ? Or maybe the actual number is x10 - since we don't want to buy just 1 share, and the real minimum is 10 shares ?
  • deleted 2y ago
    [deleted]
  • Detrytus 2y ago
    Remember this McDonald's billboard saying "Hey Crypto Bros, we're hiring"? :) Many individual investors are people who only have like 100-200 USD per month to invest through Robinhood. Or they do have some 401k plan where they get like $400 monthly.