{"id":13137,"date":"2025-02-14T15:16:33","date_gmt":"2025-02-14T15:16:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13137"},"modified":"2025-02-14T15:16:33","modified_gmt":"2025-02-14T15:16:33","slug":"gamestop-buying-bitcoin-is-a-hail-mary-from-a-company-with-no-viable-business-plan-peter-schiff","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13137","title":{"rendered":"GameStop Buying Bitcoin Is A &#8216;Hail Mary&#8217; From A Company With &#8216;No Viable Business Plan&#8217;: Peter Schiff"},"content":{"rendered":"<div>\n<p>Even as <strong>GameStop<\/strong>&#8216;s (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/GME#NYSE\">GME<\/a>) <a href=\"https:\/\/www.benzinga.com\/25\/02\/43727179\/gamestop-stock-surges-over-8-in-pre-market-trading-on-friday-on-reports-of-cryptocurrency-investments\">stock surged on reports<\/a> that the company is considering investing in <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>), economist <strong>Peter Schiff<\/strong> sees the move as a desperate attempt to stay relevant.<\/p>\n<p><strong>What Happened: <\/strong>Schiff, a long-time Bitcoin critic, <a href=\"https:\/\/x.com\/PeterSchiff\/status\/1890166114677895302\">said<\/a> on Thursday on <strong>X<\/strong> that while GameStop has no viable business model, the irony is that Bitcoin itself is even more overpriced than the video game retailer&#8217;s stock.<\/p>\n<p>GameStop, which has struggled to maintain consistent profitability, saw its shares rise 8.6% in pre-market trading Friday after reports surfaced that the company is exploring Bitcoin and other cryptocurrency investments. <\/p>\n<p>CNBC reported that GameStop is still evaluating whether such a move aligns with its business strategy, and no final decision has &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/02\/43731983\/gamestop-buying-bitcoin-is-a-hail-mary-from-a-company-with-no-viable-business-plan-peter-s\" alt=\"GameStop\" buying bitcoin is a mary from company with viable business plan peter schiff>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Even as GameStop&#8216;s (NYSE:GME) stock surged on reports that the company is considering investing in Bitcoin (CRYPTO: BTC), economist Peter Schiff sees the move as a desperate attempt to stay relevant. What Happened: Schiff, a long-time Bitcoin critic, said on Thursday on X that while GameStop has no viable business model, the irony is that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13137","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13137"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13137\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}