According to CryptoPotato, GameStop's stock price has been a hot topic in both cryptocurrency and traditional finance circles in recent days. The company's stock price experienced a significant fluctuation this week, skyrocketing by 130% before falling by 55%. Anthony Scaramucci, a well-known Bitcoin advocate, has suggested that GameStop should invest in Bitcoin.
GameStop was the focus of attention this week, with many people interested in meme trading eagerly awaiting Keith Gill's live stream. Gill, also known as Roaring Kitty, went live on YouTube for the first time in nearly four years. Earlier in the day, GameStop announced plans to sell up to 75 million additional shares as the stock price rose above $60. This news was not well received by the market, and GameStop's stock price fell by more than 50%, currently trading below $30.
Anthony Scaramucci of SkyBridge Capital proposed an intriguing idea in response to GameStop's situation. He suggested that GameStop should invest in Bitcoin.
One of the most anticipated events of the day was Keith Gill's live stream on YouTube. Gill, who gained fame for amassing a large position in GME and being a key player in the stock's massive rally in 2020, spoke live on a broadcast that garnered over half a million views in a few hours. It's worth noting that several GME-inspired meme coins were trending upward before the stream. However, as the stock price fell, so did these meme coins. For example, GME and ROAR fell by approximately 25% and 35%, respectively, during the stream. Gill confirmed during the stream that he is still holding his positions and has not opened new ones.