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Famous economic expert Peter Chef criticize Gamestop Corp.'s (NYSE:GME)) Bitcoin (Crypto: BTC) The investment strategy is the company's cup, which was returned on Thursday.
What happened: Chef moved to X, and it fits with the decline in video game retail. “GME has now been crushed. It has decreased by 22 % a day, a decrease of 26 % of yesterday's height,” highlighted the strong bitcoin critic.
Moreover, he pointed to the individuals who fell into the noise as “fools”, adding that the “most intelligent” individuals come out of the market when realizing that wasting money to buy bitcoin is not a long -term business model.
“Now that all fools have already rushed, the most intelligent investors sell because they realize that wasting the purchase of cash is not a long -term business model.”
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Gamestop shares started jumping when the company revealed on Tuesday that it had adopted Bitcoin as the original cabinet reserve. On Wednesday, the stock reached the highest level in 10 weeks at $ 28.36.
However, the feelings were reflected after it announced a shift debt display to finance BTC purchases, as many shareholders could have believed that this would be scary in the long run.
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Why do it matter: Chef, a critic of Bitcoin for a long time, has already described Gamestop to buy Bitcoin as a desperate attempt to survive, and considered it “Hail Mary”.
The company followed in the footsteps of the strategy, the largest bitcoin holder in the world, with a potential for more than $ 43 billion until these lines, according to the Bitcoin Treasury.
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