Mike Novogratz Warns Against ‘Copycat’ Bitcoin Strategies: Risk in Reliance on Borrowed Funds

GameStop is back in the spotlight, but this time it’s about a significant funding round to acquire Bitcoin. This move echoes past strategies of heavily-leveraged bets focused on Bitcoin, prompting concerns from industry veteran Mike Novogratz. He cautions against blindly following Michael Saylor’s approach, which he sees as a risky precedent for other companies.