Renowned economist Peter Schiff criticized video game retailer GameStop Corp.’s (NYSE:GME) potential move to invest in Bitcoin (CRYPTO: BTC) on Thursday, likening it to a desperate attempt to gain relevance.
What Happened: Schiff said the company, which he believed lacked a “viable” business plan, had “thrown another Hail Mary” by considering adding Bitcoin to its reserves.
“The irony is that Bitcoin is even more overpriced than GME,” Schiff’s X post read.
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