THELOGICALINDIAN - Mad Money host Jim Cramer thinks he has a band-aid to save afflicted video bold banker Gamestop with the advice of bitcoin He suggests that Gamestop should accession money to buy the cryptocurrency again catechumen its 5000 locations into bitcoin food He believes his abstraction will work
Jim Cramer Has Idea to Use Bitcoin to Save Gamestop
Mad Money Jim Cramer said on CNBC aftermost anniversary that he believes he has appear up with a applicable plan to advice video bold banker Gamestop (GME). He said his abstraction will fix the company’s valuation. The Gamestop banal surged by over 100% aftermost anniversary afterwards the aggregation appear that its CFO Jim Bell would resign.
His abstraction is for Gamestop to “become a banker in crypto.” He acclaimed that it is what Square and Paypal are doing, which he initially anticipation “seemed ridiculous” but again it “was ok.” Cramer is the host of Mad Money on CNBC and a above barrier armamentarium administrator who co-founded the banking website Thestreet.com.
Cramer additionally acicular out that Nvidia is advancing up with cartoon cards for crypto. “Last night on the awfully acceptable Nvidia call, as a ancillary note, they talked about March. [They’re] activity to accept some absolute cards aloof for crypto. It absolutely won’t be important for Nvidia, but it could be important for a abode like Gamestop,” the Mad Money host described. He continued:
“And it doesn’t accept to be bitcoin. We can accomplish it crypto,” he clarified. “But about-face it into a crypto advice alcazar and you accept common games, no latency, you comedy it.”
He tweeted cogent Gamestop lath affiliate Ryan Cohen to acquaint “the lath to advertise 10 actor shares of Gamestop at $200 and buy bitcoin and say Gamestop is now a bitcoin abundance that additionally sells games.”
Cramer has floated the abstraction of axis Gamestop food into a bitcoin authority before. On Feb. 5, he tweeted:
“I accept not been able to appear up with annihilation else, but this works,” he concluded. “I accept a activity that this is the way to get this banal higher. I can’t appear up with addition way.”
Do you anticipate Jim Cramer’s abstraction will be acceptable for Gamestop? Let us apperceive in the comments area below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
