Uber's early investor questions GameStop's Bitcoin reserve strategy: Only companies without a business model will buy BTC
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Odaily Planet News: Uber and Robinhood early investor Jason Calacanis questioned GameStop's Bitcoin reserve strategy, believing it might be just a gimmick without a viable business model. Jason Calacanis stated: "If you are a publicly listed company that cannot come up with a business model, then buy Bitcoin. If Strategy co-founder Michael Saylor wants to purchase Bitcoin worth $1 trillion, it might be a good suggestion." However, Saul Rejwan, managing partner of early-stage crypto venture capital firm Masterkey, believes that Bitcoin's role as a corporate reserve asset is no longer marginalized, and for companies seeking to hedge against inflation, Bitcoin is becoming an option. (Cointelegraph)
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