The famous critic Bitcoin Peter Chef condemned his investment in Bitcoin after the American video game retail company witnessed a decrease in its shares by more than 2 %.
Gamestop’s latest decision to raise a convertible debt offer to finance future Bitcoin purchases mixed reactions from the encryption community. While this step gained remarkable support from investors, Peter Chef led cash.
In a conversation X postChef expressed his belief that the 15 % increase in GME price during the last day was affected by pressure on the company’s Bitcoin strategy.
According to him, the noise on the Bitcoin axis of Gamestop led to the purchase of FOMO, which is driven by FOMO, which led to a temporary rise in prices. However, since the company has lost a “Bitcoin inspired profit by 15 %” for this day, Schiff claimed that investors who do not see Bitcoin as a long -term investment have started selling. Those who sell $ GME described them as “smart”.
Chef also described the institutional investors at Bitcoin as gamblers, and blamed the repeated shares of Gamestop on Bitcoin.
Chef’s criticism of the Bitcoin Gamestop adoption of mixed reactions. While some commentators agreed to his position, others questioned his experience. A user of X Schiff was accused of spreading Crypto’s anti -fight only to participate in the farm, rather than real belief.
Meanwhile, other comments have expressed her upward feeling about Gamestop’s capabilities, despite the recent declines. According to Coinmarketcap, the GME price decreased by 6.68 % over the past week as of March 27.
Gamestop imitates Microstrategy’s business model
Gamestop’s Bitcoin adoption plan has gained support not only from encryption lovers but also institutional investors who followed a similar strategy – most notably, Microstrategy.
According to the U.today report, Michael Saylor from Microstrate Gamestop encouraged Bitcoin. The founder of the investment company is particularly concerned with the amount of Bitcoin Gamestop that he will buy to gain society’s respect.
Many investors are still optimistic about the future of Gamestop, expecting the company to perform similar to Microstrategy after adopting a similar business model.
