GameStop CEO Sparks Debate Over Bitcoin Investment, Says ‘Baked Noodles’ for Traditional Finance

GameStop Corp.’s (GME) response to a recent investment proposal has sparked debate in the finance world. The gaming retailer received a letter from Strive Asset Management urging GameStop to invest its substantial cash reserves into Bitcoin. This suggestion has been met with strong opinions, particularly from John Haar, managing director of the BTC-only exchange Swan Bitcoin. According to Haar, if GameStop implements this strategy using leverage (LBE), it could significantly impact traditional finance investors who previously dismissed both GameStop and Bitcoin as insignificant.