Samson Mow's Mega Bullish Proposal for Bitcoin and GameStop
Mow's Bold Suggestion on X
Renowned Bitcoin maximalist Samson Mow has taken to the X social media platform (previously known as Twitter) to suggest a new mega bullish case for Bitcoin. Mow, the chief executive of the Bitcoin adoption-focused company Jan3, believes that adding Bitcoin to the corporate treasury of GameStop (NYSE: GME) could lead to immediate "Godzilla candles" in both Bitcoin and GME stock.
Double Bullish Thesis
Mow posits that if GameStop, which gained fame in 2021 due to its dramatic short squeeze, incorporates Bitcoin into its corporate treasury, it would create a "double bullish thesis." This move, according to Mow, would generate massive bullish momentum for both Bitcoin and GameStop's stock.
Support from Anthony Scaramucci
Mow's suggestion aligns with a recent statement made by prominent US financier Anthony Scaramucci. On Friday, Scaramucci tweeted his belief that GameStop should buy Bitcoin, reinforcing the idea that such a move could significantly boost both assets.
GameStop's Recent Financial Challenges
On the same Friday, GameStop's stock (GME) experienced a sharp 40% drop following the company's financial results announcement and plans to issue more shares. This decline came despite a 50% surge in the stock price recently. Financial analyst and investor Keith Gill, also known as "Roaring Kitty" on X and YouTube, made his first live stream since 2021, planning to share his journey to becoming a billionaire through his significant GameStop investment. However, the stock's plummet overshadowed his announcement.
Potential Impact on Bitcoin and GameStop
The integration of Bitcoin into GameStop's corporate treasury, as proposed by Mow, could potentially create significant bullish momentum for both Bitcoin and GME. The synergy of combining a popular cryptocurrency with a well-known retail company could attract substantial investor interest and market activity.
