Oh boy, here we go again! Bitcoin basher Peter Schiff is at it, taking a swing at GameStop’s “brilliant” plan to dive into the Bitcoin pool. And guess what? GME stock went nuts, up 20% like it was on sale! Schiff’s take? Bitcoin’s pricier than a GameStop with a “For Sale” sign on it.
Schiff Throws Shade at GameStop’s Bitcoin Bash
Our favorite economic buzzkill, Peter Schiff, is rolling his eyes at GameStop’s Bitcoin brainstorm. He calls it a desperate “Hail Mary” from a company that’s got more holes in its strategy than Swiss cheese. On his soapbox, Schiff hollered:
“GameStop, a place where business plans go to die, is now playing ‘Let’s Buy Bitcoin’ with its piggy bank!”
He’s all like, “Bitcoin’s more overpriced than GME,” comparing the two to a couple of overinflated balloons just waiting to pop.
Meanwhile, companies worldwide are jumping on the Bitcoin bandwagon like it’s the last train to Richville. But Mr. Schiff is all, “Hold up, if your biz is trash, slapping Bitcoin on it won’t make it less stinky.”
Can Meme King GME Keep on Rising?
Remember when GME was the cool kid on the stock block, making hedge funds cry in 2021? Well, now they’re toying with Bitcoin and everyone’s like, “Here we go again!” They’re just toying with crypto and haven’t even bought the darn thing yet.
Last weekend, GameStop’s big cheese Ryan Cohen posted a pic that had everyone buzzing, but the Bitcoin bigwig in the pic, Michael Saylor, is like, “I’m just here for the photo op, folks.”
Last year, GameStop dipped its toes in crypto, launched wallets, and then pulled the plug, blaming “regulatory uncertainty” like it was the dog that ate their homework.
Where’s GME Headed Next?
GameStop’s stock is playing a game of seesaw, but chart geeks are saying it’s looking up, up, up! If it jumps over the $29 hurdle, it’s off to the races, maybe even hitting $32. Place your bets, folks!
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2025-02-14 09:43