Jim Cramer thinks GameStop should convert its stores into crypto info centers
Cointelegraph
Published Feb 25, 2021 12:15PM ET
Updated Feb 25, 2021 02:00PM ET
With GameStop (NYSE:GME)'s stock more than doubling in price over the last two days, CNBC’s Jim Cramer is proposing the brick-and-mortar company change its business model to be more inclusive of cryptocurrencies.
Speaking on CNBC’s Squawk Box today, the Mad Money host suggested that he had a plan to "justify the stock price" of GameStop. At the time of publication, the price of GME is $131.17 — an increase of more than 175% in the last 24 hours after weeks of sideways action. In addition to following the example of Tesla (NASDAQ:TSLA), which purchased $1.5 billion Bitcoin (BTC), Cramer proposed GameStop mimic Square and PayPal by becoming "a dealer in crypto."
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Written By: Cointelegraph
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