Firms without business models ‘buy Bitcoin’ — Angel investor Jason Calacanis
Angel investor Jason Calacanis criticized GameStop's investment in Bitcoin, suggesting that it is a tactic for firms lacking a viable business model. He expressed that for public companies struggling to establish a business model, investing in Bitcoin might seem like a viable option. Despite this view, analysts like Fanta noted that such investment could represent a broader trend towards corporate treasury diversification into cryptocurrencies, reflecting an evolving stance by firms outside of the tech sphere. Saul Rejwan from Masterkey emphasized Bitcoin's emerging role as a corporate reserve asset, aligning companies with a digital, inflation-resistant financial future. He cautioned, however, that while this move could strengthen corporate resilience, transparent execution alongside risk management is crucial. Georgii Verbitskii remarked that GameStop's initiative might be a precedent for other companies, highlighting that adding Bitcoin to a balance sheet could yield significant long-term benefits if managed properly.
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