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GameStop’s stock rises after Ryan Cohen posts picture with Strategy CEO, sparking bitcoin chatter - MarketWatch

1. GameStop shares rose 2.9% after CEO Cohen's post with crypto CEO Saylor. 2. Speculation suggests GameStop may consider a bitcoin investment strategy. 3. Cohen's leadership and board approval of investment policy could drive GME's direction. 4. GameStop shares have increased 67.9% over the past year, outperforming the S&P 500. 5. Strategy Inc. shares have surged 356.5%, indicating strong market interest in crypto.

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FAQ

Why Bullish?

Cohen's connection to crypto could attract new investors, similar to prior meme stock surges.

How important is it?

The potential shift towards crypto investments could significantly impact GameStop's future, as seen in past meme stock dynamics.

Why Short Term?

Immediate market reactions to Cohen's post suggest short-term volatility and investment interest.

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