Prominent American entrepreneur Jason Calacanis is not impressed by GameStop's Bitcoin pivot.
"If you're a public company that can't figure out a business model, buy bitcoin!" he quipped.
The 54-year-old angel investor has joked that this could be great advice if Strategy cofounder Michael Saylor ends up buying $1 trillion worth of Bitcoin.
HOT Stories ‘Where Is Shytoshi?’ - SHIB Team Addresses Community’s Major Concern Legendary Angel Investor Mocks GameStop's Bitcoin Pivot BlackRock and Fidelity Predicted to Join XRP ETF Race by Top Analyst Bitcoin (BTC) Mini-Death Cross Originates, Key XRP Breakthrough Turns to be Fakeout? Dogecoin (DOGE) Only Top Asset Didn't Do It
As reported by U.Today, the video game retailer, which appeared at the center of the meme coin mania in 2021, announced that it had adopted the flagship cryptocurrency as a reserve asset.
The announcement helped to boost the GameStop stock in after-hours trading. However, it had virtually no impact on the Bitcoin price.
Some community members have celebrated the GameStop news as a positive development for corporate Bitcoin adoption, which has so far struggled to gain significant traction. Strategy's Saylor described it as a "step in the right direction."
Related
Mon, 05/23/2022 - 12:37 GameStop Finally Launches Its Crypto and NFT Wallet
Gamza Khanzadaev
James Check, the former lead analyst at Glassnode, did not share this excitement. He recalled his semi-facetious prediction about how "zombie companies" of the likes of GameStop would mark the market's top by adopting Saylor-like Bitcoin strategies. The fact that "serious" companies are not rushing to adopt Bitcoin is not a good sign, according to the on-chain analyst.
That said, it is worth noting that GameStop boasts $4.6 billion of cash on its balance sheet. The company also has a market cap of over $11 billion.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
