Jason Calacanis is a well-known US angel investor who has made light of GameStop’s investment in Bitcoin.
Calacanis, in a post on March 26, X suggested that purchasing Bitcoins (BTCIt was an ideal solution for those public companies who did not possess a viable business model.
“If you’re a public company that can’t figure out a business model, buy Bitcoin! This might actually be great advice if [Strategy co-founder Michael Saylor] is gonna buy $1T in Bitcoin.”
Tomas Fanta is the principal of crypto investment company Heartcore. He told Cointelegraph there are long-term tangible benefits. holding Bitcoin on a corporate balance sheet. Among them were the long-term price increase and theoretically lower correlation over time to equity markets.
“I do disagree with the view, though, that failing companies should be using Bitcoin as the last-ditch strategy,” Fanta said.
Related: GameStop hints at future Bitcoin purchases following board approval
Source: Jason
Does GameStop adopting the Android OS fit into a larger trend?
Fanta has said this while “one case is not enough to gauge a broader trend,” It does indeed appear that there is such a tendency:
“We may actually be witnessing one of the first experiments with corporate treasury diversification into crypto outside of tech or crypto-aligned companies such as Tesla or Coinbase.”
Saul Rejwan echoed this sentiment. He is the managing partner of crypto-early stage venture capital company Masterkey. He said that companies were increasingly looking to protect themselves from long-term currency shifts.
“Bitcoin’s role as a corporate reserve asset is no longer fringe; it’s becoming a legitimate play for companies that want to align themselves with a digitally-native, inflation-resistant financial future,” “He said” “While not every company will follow suit, GameStop’s move joins a growing chorus,” Rejwan was added.
Related: GameStop buying Bitcoin would ‘bake the noodles’ of TradFi: Swan exec
Bitcoin adoption is a form of adapting to the change
Rejwan also noted that historically successful companies often falter when they resist change — citing Nokia as an example — and said adopting Bitcoin could be viewed as a strategic adaptation:
“When done transparently and with proper risk management, Bitcoin can bring long-term resilience to corporate balance sheets — especially for brands with low time preference and strong alignment with digital-native values.”
Georgii verbitskii founder of the crypto-investment app TYMIO also reiterated this idea, saying that GameStop is a bad place to invest in cryptocurrency. “could well become the example the market is waiting for.” “He added”
“Adding Bitcoin to a corporate balance sheet isn’t just speculative — it has real, long-term upside if executed properly.”
Magazine: SEC’s U-turn on crypto leaves key questions unanswered
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Source: cointelegraph.com
