Dimitris Chapsoulas

In the meantime, the crypto world's favourite trader keeps buying

By LeftFooted | bitcoinea | 19 Jun 2024


Roaring Kitty, aka DeepFuckingValue, aka Keith Gill, keeps buying GameStop (GME) stock.


A few days ago, Gill stated he’d bought 4 million shares of GME, bringing his total shares to over 9 million, worth well over $250 million at the time of writing.


As a result, traders and ‘crypto bros’ are speculating two things might happen.


First, Gill might join the board of directors, and second, Gill apparently owns the same number of shares as GameStop CEO Ryan Cohen.


More to the point, the price will soon go above the $200 psychological mark.


To be honest, this seems like a stretch.


At the time of writing, GME is worth around $24-25.


Can the stock 10x? Maybe. But can it 10x in the foreseeable future? Unlikely.

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LeftFooted
LeftFooted

I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash


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