Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ GameStop Investing Craze “Proof of Concept” for Bitcoin Success, Scaramucci Says

GameStop Investing Craze “Proof of Concept” for Bitcoin Success, Scaramucci Says



SkyBridge Capital’s Anthony Scaramucci said on Wednesday that the growth of shares, led by small investors, for the video game company GameStop suggests that bitcoin will eventually be successful.

On Tuesday, a volatile trading session, largely triggered by a campaign by members of the Reddit r / WallStreetBets forum, saw GameStop (NYSE: GME) jump 92.7%. Stock trading has stalled repeatedly over the past week as price spikes have sparked market protection.

After Elon Musk joined the fight by tweeting GameStonks, shares rose 50%. Video game stocks now cost $ 10 billion and are classified as high-cap stocks, according to Bloomberg.

Scaramucci said in an interview with Bloomberg that this strong action of the individual trader is “proof of the concept that bitcoin will work”

; and should be taken “seriously.”

He suggested that “decentralized” investment activity is similar to the basic concept behind bitcoins, while mobile and low-tariff trade “democratize” former island markets.

How will you defeat this decentralized crowd? For me, this is more confirmation of decentralized funding, “Scaramucci said.




Source link