On Monday, GameStop CEO Ryan Cohen posted a pic with MicroStrategy’s Michael Saylor.
Many saw where this was going, and they were right – insiders say GameStop plans to take a page from MicroStrategy’s book and invest in Bitcoin ($BTC).
GME shares spiked over 20% on the back of the rumors, hitting $31 before falling to $26.
There’s also an amusing correlation with the unofficial $GME token, which recorded a 32% daily increase.
This happened without Cohen himself saying a word. Imagine the giant leap GME stock would make if he does go ahead and buy $BTC.
It’s likely the impact of this would extend well beyond GameStop.
GameStop to Follow in MicroStrategy’s Footsteps?
GameStop has become a symbol of retail investor unity. It’s the antipode of all things Wall Street that showed how small traders can come together to shake the ivory towers to their foundations.
The company’s pivot into crypto aligns perfectly with this rebellion.
GME fell 15.95% YTD, and Cohen is evidently looking for ways to increase its profitability. Monday’s picture with Michael Saylor suggests he could be hoping to learn from MicroStrategy’s BTC-focused approach.
For context, Saylor’s MicroStrategy began investing in $BTC in 2020 and now holds over $46.5B in the asset. MSTR stock price has since surged 2,083%.
Could GME experience similar growth if GameStop follows the same approach? Definitely.
More than that, it could set a precedent for S&P 500 companies to take crypto seriously. GME is not yet part of the S&P 500, but it fits the criteria (market cap of at least $12.7B) and could soon join the titans.
The approach makes even more sense if you consider the repeated recession headwinds of the past years. While the Fed has tried to resist the trend with massive fiscal stimulus and interest rate cuts, the economy is far from recovery.
Companies like MicroStrategy and GameStop adopt $BTC as an inflation hedge. They bet on $BTC to maintain its value during market stress, particularly as more companies follow their lead.
Never Miss Another GME Spike: MIND of Pepe ($MIND) Predicts Market Moves
Some $GME token and GME stock holders saw a nice uptick in their portfolios today – and might see even greater gains if (when) GameStop adds $BTC to its balance sheet.
However, many find out about these types of opportunities too late. So, how do you predict them?
One solution is MIND of Pepe ($MIND), an AI agent that analyzes market data and gauges sentiment on social media to deliver exclusive trading insights.
With its ability to process information from numerous sources on the fly, MIND of Pepe can help its community make timely investments and secure profits.
In other words, MIND of Pepe equips its token holders to be the first movers, capitalizing on the news before it goes mainstream.
MIND of Pepe is also capable of creating its own tokens, which would first be available to its early supporters at below-market prices.
The $MIND token presale kicked off in January and has already generated $6M in funding. One token now costs $0.0033188, but the price will increase when the project reaches the $6.7M funding milestone.
After $MIND launches on exchanges, the demand should surge, pushing its price even higher. This means now is the perfect time to secure your share of tokens and stake them at 380% APY.
GME Resurrection 2.0?
The ripple effects of GameStop’s potential $BTC investment could extend far beyond a single stock price spike.
Just as the 2021 short squeeze rewrote the rules of retail trading, GameStop’s crypto pivot could cause a shift in how companies approach treasury management.
The question isn’t just whether GameStop will invest in Bitcoin, but how many might follow.
MIND of Pepe could help retail investors stay ahead of market-moving developments, offering insights once reserved for institutional traders. This makes it one of the best presales of the year.
However, we remind you that no gains are guaranteed in the crypto market. Always DYOR and diversify your portfolio to offset potential losses.
