{"id":188899,"date":"2021-02-25T20:15:06","date_gmt":"2021-02-25T17:15:06","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/jim-cramer-thinks-gamestop-should-convert-its-stores-into-crypto-info-centers\/"},"modified":"2021-02-25T20:15:06","modified_gmt":"2021-02-25T17:15:06","slug":"jim-cramer-thinks-gamestop-should-convert-its-stores-into-crypto-info-centers","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/jim-cramer-thinks-gamestop-should-convert-its-stores-into-crypto-info-centers\/","title":{"rendered":"# Jim Cramer thinks GameStop should convert its stores into crypto info centers"},"content":{"rendered":"

“# Jim Cramer thinks Game<\/a>Stop should convert its stores into crypto info centers <\/strong>”
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With GameStop’s stock more than doubling in price over the last two days, CNBC\u2019s Jim Cramer is proposing the brick-and-mortar company change its business model to be more inclusive of cryptocurrencies.\u00a0<\/p>\n

Speaking on CNBC\u2019s Squawk Box today, the Mad Money host suggested<\/a> that he had a plan to “justify the stock price” of GameStop. At the time of publication, the price of GME is $131.17 \u2014 an increase of more than 175% in the last 24 hours after weeks of sideways action. In addition to following the example of Tesla, which purchased $1.5 billion Bitcoin (BTC), Cramer proposed GameStop mimic Square and PayPal by becoming “a dealer in crypto.”<\/p>\n

“If GameStop were to turn itself into a 5,000-store introduction to crypto […] make it so that\u2019s an international gaming place where you win Bitcoin, I think you can justify the stock price,” said Cramer.<\/p>\n

The Mad Money host suggested that all GameStop locations<\/a> \u2014 3,447 as of January \u2014 could convert to “crypto-information palaces” in which the company would allow players to buy and sell cryptocurrencies in addition to offering them as gaming rewards. He added<\/a> that GameStop\u2019s largest investor, Chewy CEO Ryan Cohen, could convince the board of directors to purchase $1 billion to $2 billion worth of BTC.<\/p>\n

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Ryan Cohen tells the board to sell 10 million shares of Gamestop at $200 and buys Bitcoin and says Gamestop is now a Bitcoin store that also sells games. Bingo! There’s the plan. I bet the cfo said no to the Bitcoin plan. Bitstop? Gamebit? Gamecoin?<\/p>\n

\u2014 Jim Cramer (@jimcramer) February 25, 2021<\/a><\/p><\/blockquote>\n