follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: Jim Cramer thinks GameStop should convert its stores into crypto info centers  (Read 985 times)

Offline Gostudio

  • Full Member
  • *
  • Activity: 234
  • points:
    10741
  • Karma: 91
  • “FRX: Ferocious Alpha”
  • Trade Count: (0)
  • Referrals: 1
  • Last Active: June 29, 2022, 06:40:07 AM
    • View Profile

  • Total Badges: 18
    Badges: (View All)
    10 Posts First Post Third year Anniversary
Jim Cramer thinks GameStop should convert its stores into crypto info centers
The Mad Money host proposed that the company's brick-and-mortar shops could become "crypto-information palaces" in which gamers could buy and sell cryptocurrencies.

Jim Cramer thinks GameStop should convert its stores into crypto info centers NEWS
With GameStop's stock more than doubling in price over the last two days, CNBC’s Jim Cramer is proposing the brick-and-mortar company change its business model to be more inclusive of cryptocurrencies.

Speaking on CNBC’s Squawk Box today, the Mad Money host suggested that he had a plan to "justify the stock price" of GameStop. At the time of publication, the price of GME is $131.17 — an increase of more than 175% in the last 24 hours after weeks of sideways action. In addition to following the example of Tesla, which purchased $1.5 billion Bitcoin (BTC), Cramer proposed GameStop mimic Square and PayPal by becoming "a dealer in crypto."

"If GameStop were to turn itself into a 5,000-store introduction to crypto [...] make it so that’s an international gaming place where you win Bitcoin, I think you can justify the stock price," said Cramer.

The Mad Money host suggested that all GameStop locations — 3,447 as of January — could convert to "crypto-information palaces" in which the company would allow players to buy and sell cryptocurrencies in addition to offering them as gaming rewards. He added that GameStop’s largest investor, Chewy CEO Ryan Cohen, could convince the board of directors to purchase $1 billion to $2 billion worth of BTC.


It is somewhat unusual for investors or advisors to propose that a company change its business model to justify a stock price. However, GameStop is no longer a typical brick-and-mortar company.

Retail investors from Reddit drove the GME stock price up last month in an attempt to short squeeze hedge fund bets. The result of these actions kept the gaming store at the front of financial news for a number of weeks. On Feb. 18, the CEO of trading platform Robinhood, along with representatives from Reddit and the hedge fund Citadel, spoke at a House Financial Services Committee concerning the GameStop trades.

Genesis: https://cointelegraph.com/news/jim-cramer-thinks-gamestop-should-convert-their-stores-into-crypto-info-centers

Altcoins Talks - Cryptocurrency Forum


For Monthly biddings Check Here


Offline TomPluz

  • Legendary
  • *
  • *
  • Activity: 4004
  • points:
    10635
  • Karma: 185
  • Bitcoin Mixer| Since 2019
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: Today at 01:51:21 PM
    • View Profile

  • Total Badges: 23
    Badges: (View All)
    50 Poll Votes Fifth year Anniversary Fourth year Anniversary
Maybe this can be a good idea but instead of converting their many shops into crypto-related business the best thing to do for now is to slowly add this idea into what they are already doing. Considering the many good reviews and heaps that GameStop got in the past weeks, I am sure they already have the name and the goodwill that can help them if they add crypto-connected business into their menu. I hope there will be someone good enough to help them with this direction which can surely be a good evolution for GME.

 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod