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GameStop Stock Rises. Why This Social-Media Post Is Fueling Bitcoin Speculation. - Barron's

1. GameStop CEO Ryan Cohen's post hints at a potential Bitcoin initiative. 2. GME shares rose 3% in premarket trading to $25.48. 3. CEO Cohen met with Bitcoin proponent Michael Saylor, sparking speculation. 4. MicroStrategy holds significant Bitcoin, suggesting potential strategic interest for GameStop. 5. GameStop's stock price has seen fluctuations since its meme-stock peak.

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FAQ

Why Bullish?

Cohen's post about Bitcoin could attract speculative interest, reminiscent of 2021 momentum.

How important is it?

Cohen's engagement with Saylor could influence investor sentiment around GME's strategic direction.

Why Short Term?

Market reactions can be immediate, but long-term impact remains uncertain.

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