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Business & Economics

Bitcoin critic Schiff slams GameStop’s decision to use its cash to buy Bitcoin

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Summary
Nutrition label

60% Informative

GameStop is reportedly considering adding Bitcoin to its balance sheet, echoing the approach taken by firms like MicroStrategy .

Peter Schiff claims Bitcoin is "even more overpriced" than GME stock, after the latter's 20% rally.

GameStop shares are consolidating within a falling wedge, a bullish chart pattern, which can lead to rally to $ 29 .

GME Stock price rallied from $5 to $80 in less than a month’s time .

VR Score

37

Informative language

24

Neutral language

74

Article tone

formal

Language

English

Language complexity

51

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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