“There is more potential for Bitcoin”: Gamestop CEO
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Gamestop is already part of the “Club” of Bitcoiners companies.
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“Bitcoin and gold are coverage against the global evaluation of the Fíat coins,” says Cohen.
Today, May 28, 2025, the Gamestop video game company announced its first purchase of Bitcoin (BTC) thus opening its strategic reserve in that digital currency.
In total, as reported cryptootics this morningGamestop acquired 4,710 BTC. The money for such a purchase came from the issuance of convertible notes, following a strategy similar to that of the Strategy company.
In dialogue with the historian and Bitcoiner, Pete Rizzo, the Gamestop CEO, Ryan Cohen, explained the reasons that led the company to incorporate BTC into their balance.
Cohen thinks that “Bitcoin and gold can be a coverage against the global evaluation of currencies and systemic risk.” To this, he adds that “Bitcoin has certain unique advantages compared to gold.” Among those advantages mentions portability, authenticity and storage. But, puts special emphasis on shortage, clarifying that “there is a fixed offer of Bitcoin [de 21 millones]while with gold, due to certain technological advances, the supply is still uncertain ».
As this informative portal reported last week, There is rapid growth in the gold supply due to mining and gold recycling. There is a great risk that this growth will not be consistent with the growth of the demand for precious metal, which would end up harming at its price.
Another thing that Gamestop’s CEO stands out from Bitcoin is the asymmetric climbing potential:
«Gold is a more mature market. It has a market capitalization of around 20 billion [trillions, en inglés]while Bitcoin today is in approximately 2 billion. And if the thesis is correct and Bitcoin becomes the digital gold we adopt, then there is more rise potential, but we will see what happens. No one has a glass ball ».
Ryan Cohen, CEO of Gamestop.
Cohen coincides in his thinking with Michael Saylor, president of Strategy (the public contribution company with more BTC in his treasury). Saylor thinks that BTC will reach millionaire figures in the coming years. And not only that, but he is convinced that the present cycle is still “fuel” and BTC would reach $ 180,000 this year.
