This week gave us something better than promises: people actually using the technologies we’ve been betting on.

Robinhood’s new blockchain is already handling nearly $1.6 billion in daily trading volume, just two months after launch.

Tesla put members of the public inside its Cybercab for the first time last night, while interest in the vehicle is already running at record highs.

And Bitcoin just gave me one of the strongest signals yet that investors are beginning to treat it the way I’ve expected for years: as digital gold.

We’ve been positioned for these shifts long before they became obvious. Now the evidence is starting to pile up.

And I think we’re still early.

Here’s what we’re watching this week...

Core Conviction Spotlight

$1.6 Billion a Day Is Now Moving Through Robinhood’s (HOOD) Blockchain 

Robinhood is up about 10% this week, helped by analyst upgrades and a surge in activity on Robinhood Chain, the company’s new blockchain network built for tokenized financial assets. 

Daily decentralized exchange (DEX) volume recently approached $1.6 billion, up roughly 61% in just a few days. That’s the value of assets changing hands on decentralized exchanges running on the network – a direct measure of how actively people are using it. 

Users have also committed about $738 million to financial applications on Robinhood Chain, a figure known as total value locked (TVL). Stablecoin supply has climbed toward $800 million, putting more digital dollars on the network that users can trade, lend, or deploy elsewhere. 

Activity is generating fees as well. Daily network fees recently reached about $3.75 million, briefly topping Ethereum (ETH), one of the world’s largest and most established blockchain networks. Cumulative fees have crossed $13 million since mainnet launched on July 1. 

When Robinhood launched its public blockchain, we saw the potential for the company to build tokenized stocks, lending, and other financial products on infrastructure it controls. 

Now users are putting that infrastructure to work. 

More trading volume and more capital on the network give Robinhood a larger foundation for the tokenized-finance products it wants to build. 

Most important, our consumer data remains firmly bullish. HOOD carries a Main Street Score of 80 out of 100. 

Robinhood keeps expanding what its customers can do on the platform, and consumer interest remains strong as the company pushes deeper into crypto and tokenized finance. 

We rode HOOD to a 556% gain the first time around. With consumer momentum and Robinhood Chain already handling nearly $1.6 billion in daily trading volume, believe this stock has much more room to run. 

Infinite Hold Updates

Tesla (TSLA) Puts Cybercab to the Test

Tesla’s Cybercab became more than a test vehicle last night: Members of the public rode in one for the first time.

The gold two-seater has no steering wheel or pedals and was built from the ground up for autonomous rides. Until last night, only Tesla employees had ridden in one on public roads.

Cybercab interest was already climbing well before last night’s public launch. Google searches for Cybercab hit an all-time high in August – even higher than when Tesla first unveiled the vehicle in October 2024. Since January, search interest has climbed more than fivefold.

Now comes the part we care about: whether all those searches turn into rides.

Tesla has a compelling pitch on price. Ride-price aggregator Obi analyzed more than 94,000 requests in the San Francisco Bay Area and found a median Tesla Robotaxi fare of just $7.39.

The fleet is still small, and wait times remain longer than established ride-hailing services. But Tesla has been building Cybercabs at Giga Texas since February. Getting the public inside them moves the robotaxi business out of the testing phase and closer to something consumers can actually use.

And Cybercab isn’t the only place we’re seeing consumers come back to Tesla.

Traffic to Tesla’s website is up 21% since January. August was its busiest month in a year. Tesla stock, meanwhile, is still down roughly 20% in 2026.

We’ve held Tesla since April 2018 because we’ve always believed its opportunity went far beyond selling cars.

Last night put one of those opportunities on the road with real customers. Now we’ll watch the consumer data to see how quickly they embrace it.

The Bitcoin (BTC) Signal I’ve Been Waiting to See 

Bitcoin’s 25% August rally was great. But there’s another number I’m even more excited about. 

Bitcoin’s 90-day correlation with gold just hit a record high. 

I’ve argued for years that Bitcoin will eventually become the world’s dominant store of value. Before we get there, investors need to start treating it like one. 

We’re seeing that happen now. 

Bitcoin and gold are moving together more closely than ever, which tells me more investors are starting to see Bitcoin as “digital gold.” If this relationship holds for the next few quarters, it would be a major confirmation of our long-term thesis. 

I’m also watching a few key price levels. A move above $85,000 would get me much more confident that this rally has legs. Above $100,000, I think Bitcoin could move very quickly as more institutions decide they need exposure. 

We’ve been bullish since Bitcoin traded around $18,000 to $20,000. My long-term view hasn’t changed. 

In yesterday’s Founder’s Call, I explain why this gold signal has me so excited – and what I want to see from Bitcoin next. 

Watch it here: