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

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

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:

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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 to offset concerns the coin's price is overextended? And who else will follow the lead of these high-profile companies?

But the return of crypto didn't mean all was quiet on the Reddit front. There was significant day-trader interest around cannabis stocks