How Robinhood gets users addicted, plus Cathie Wood talks Tesla and GameStop

SourceBusiness Insider
SectorFinancial Markets
CountryMiddle east

Hello and welcome to Insider Investing. I'm Joe Ciolli, and I'm here to guide you through what's been happening in markets, as well as what to expect in the coming weeks. Here's what's on the docket: If you aren't yet a subscriber to Insider Investing, you can sign up here. Have thoughts on the newsletter? Just want to talk markets? Feel free to drop me a line at jciolli@insider.com or on Twitter @JoeCiolli. Your weekly outlook The past week saw the market zeitgeist shift somewhat away from the pesky day-trading rascals on Reddit and towards bitcoin, which repeatedly set new records. The red-hot cryptocurrency got a coveted co-sign from Tesla, which said that it bought $1.5 billion worth and would start accepting it as payment. It then surged even more to all-time highs after further adoption from the likes of Mastercard and BNY Mellon.

With bitcoin now back at record highs, some age-old questions will persist over the coming weeks: Can increasingly widespread adoption continue...read more...