Original title: “Want to buy Bitcoin stocks? GameStop CEO posted a photo with Micheal Saylor, GME soared 9.7% in a single day “

Original author: Ting, Dynamic Trend BlockTempo

I don’t know if you still remember the “Game Station Squeeze Incident” in 2021, when retail investors wiped out Wall Street. At that time, the American video game retailer GameStop was in trouble due to its outdated business model and the impact of the COVID-19 virus, resulting in being shorted by many Wall Street institutions.

However, an X user named TheRoaringKitty (real name Keith Gill) called on retail investors to actively buy GameStop shares (GME) to fight Wall Street Capital on the community. The company’s share price soared from a low of 2.57 US dollars to 483 US dollars in a short period of time (an increase of about 190 times), creating a historical scene in which retail investors crush Wall Street giants.

Is GameStop interested in entering Bitcoin?

After experiencing epic gains, GameStop prices have continued to decline in recent years, reaching a low of nearly $10 per share in April last year. It is worth noting that GameStop CEO Ryan Cohen posted a photo with Strategy founder Michael Saylor on the 8th.

At one time, the market widely speculated whether Ryan Cohen had discussed Bitcoin investment strategies with Saylor and whether GameStop intended to enter the Bitcoin and even cryptocurrency field.

Although Ryan Cohen has not publicly responded so far, GameStop’s “retail uprising” color coincides with the concept of “anti-centralization and anti-centralization” in the encryption field, which makes the market pay special attention to what kind of chemical reaction the two can produce.

And perhaps influenced by Ryan Cohen’s tweet, the U.S. stock market GameStop (GME) closed at US$27.12 yesterday (10th), an increase of 9.7%, temporarily halting the recent decline.

GameStop’s namesake memin $GME soared 51% in the past 24 hours

On the other hand, the price of GameStop’s namesake $GME on Ethereum also began to rise after the release of Ryan Cohen’s tweet, rising from 0.0001032 to a high of 0.0002079 US dollars, an increase of 101%. As of now,$GME has reported US$0.0002027, an increase of 51.01% in the past 24 hours, and a market value of US$82.3 million.

In addition, the GME of the same name on the Solana chain has also increased by 8.54% in the past 24 hours; while the related meme tokens based on TheRoaringKitty have not increased significantly.

However, it is still difficult to say whether GameStop will decide to enter Bitcoin at present. The dynamic area reminds investors that meme coins fluctuate violently, so please be cautious.

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