Peter Schiff Slams Gamestop's Bitcoin Strategy As Shares Plummet: 'Now That All The Fools Have Already Rushed In, Smarter Investors Are Selling' - GameStop (NYSE:GME)
1. Peter Schiff criticized GME's Bitcoin investment strategy amid declining shares. 2. GME shares dropped 22%, down 26% from previous highs on Bitcoin hype. 3. The market sentiment shifted post-Bitcoin purchase announcement and convertible debt offering. 4. Investors fear potential dilution from GME's new funding strategy for Bitcoin. 5. GME's strategy is seen as a desperate measure by some analysts.