Mow, the chief executive of the Bitcoin adoption-focused Jan3 company, stated that the video game retail sales company which became widely famous in 2021 due to its short squeeze, GameStop (NYSE:GME), should start adding the world’s flagship cryptocurrency to its corporate treasury. Samson Mow believes that this would make a “double bullish thesis” after which both Bitcoin and GME would see Godzilla candles immediately.
Mow mirrored the recent statement made by prominent US financier Anthony Scaramucci who tweeted on Friday that he believes GameStop should buy Bitcoin.
On Friday, GME slumped almost 40% after the company publicly revealed its recent financial results and announced its plans to issue more shares. Besides, financial analyst and investor Keith Gill (commonly known on X and YouTube as “Roaring Kitty”) made his first live stream on YouTube since 2021 (the famous year for GameStop) where he planned to share that he is about to become a billionaire thanks to his large GameStop bet. However, it never happened because the stock price plummeted.
This sharp downward move took place after the previous 50% surge which occurred recently.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
