GameStop Should Buy Bitcoin, Says SkyBridge Capital Founder
CryptoNewsTerminal Staff07 Jun, 2024
GameStop Should Buy Bitcoin, Says SkyBridge Capital Founder
Bitcoin has outperformed all other major assets over the past decade. It is also a decentralized currency, meaning that it is not subject to the control of any government or central bank. This makes it a very attractive asset for companies that are looking to diversify their portfolios and protect themselves from inflation. SkyBridge Capital founder Anthony Scaramucci believes that GameStop should buy Bitcoin. The video game retailer is sitting on a pile of cash, and it has nothing to lose by buying Bitcoin. In fact, it could be a very smart move. Scaramucci is not the only one who believes that GameStop should buy Bitcoin. In fact, a number of other analysts have made the same recommendation. For example, Wedbush Securities analyst Michael Pachter said that GameStop should buy Bitcoin as a way to attract new customers and boost its stock price. It remains to be seen whether GameStop will actually buy Bitcoin. However, the fact that so many analysts are recommending that the company do so suggests that it is a serious possibility. If GameStop does buy Bitcoin, it would be a major sign of the mainstream adoption of the cryptocurrency.
