GameStop dives into Bitcoin, but investors aren’t buying it…yet

Gamescop announced last week Bitcoin’s purchase plans, because it is a “very profitable investment”, according to the CEO of Ari10.

GameStop’s unanimously approved Last week, to use both business species and future capital increases to buy cryptographic assets, especially Bitcoin (BTC).

The short -term result? A 22% dive in the Gamescop action course, its worst day since June. Not start well. Picked the screen “You are dead”.

A slight rebound on Monday is now gaining its gain for the start of the year to 28.64%, although it is still up 82% compared to a year ago. But under the volatility of the market is a longer -term strategy that could position GameStop for a turnaround.

According to comments sent to Mateusz Kara Crypto.News, CEO of Ari10, the Bitcoin Bitcoin move should not be considered a potential turnaround in its main activity, rather a bet calculated on financial reinvention.

“Gamesop has decided to invest in Bitcoin. Why? It is simple: the company sees that, in the long term, it is a very profitable investment,” noted the CEO. “An example is how the strategy makes money on Bitcoin.”

Admittedly, Timing for Gamesop was not ideal with the recent drop in Bitcoin prices. But this gives Gamestop favorable entry points, although investors need to convince.

It’s like buying the master sword with a heart on the left – Risky, but potentially Changing.

GameStop needs a new atmosphere

Indeed, there are brand strategic advantages, according to Kara. Investing in Bitcoin is “somewhat fashionable now” and “can improve the image of Gamesop”. This is particularly true with younger investors who can consider the company as a more dynamic and adjusted Crypto game and not as a brick and mortar retailer whose path to oblivion has been obvious to many for at least 10 years.

Basically, they try to evolve from Magikarp to Gyarados (cry out to my daughter for this one!)

Gamesop actions may currently seem cheap, but part of this is due to a typical dynamic to “buy the rumor, to sell the fact”. Investors hunted the Initial speculation of bitcoin But fled just as quickly once the plan funded has become official.

Trump at the rescue?

The uncertainty linked to the evolutionary economic policies of Donald Trump, in particular the prices, also continues to weigh a broader feeling on the market, a statement with which Kara does not seem to agree.

“In the long term, American policy can increase the Bitcoin assessment – which will contribute during Gamescop’s action,” said the CEO.

As for whether this decision makes the game the following Microstrategy StrategyIt is far from certain. In terms of stock market companies inherited on the Bitcoin market, the strategy is the OG and everyone copies. It’s like everyone suddenly trying to be the main character of a Final Fantasy game.

Unlike the strategy, Gamesop is already negotiating a bonus heavy with its cash funds. But with a refreshed story, retail loyalty and now a case of Bitcoin bull, the original stock of memes can always have the possibility of invoice higher.

Or maybe not. Press F to pay tribute.