GameStop Is Going Hard on Bitcoin, Possibly to Relive the Gamestonks Days

A day after revealing to CNBC that they plan to add Bitcoin to their treasury reserve asset, GameStop is now focusing on a planned sale of bonds

Among traditional brands dabbling in crypto, the tale of GameStop has unfolded uniquely. The company, renowned for its gaming retail stores and involvement in the 'Gamestonks' saga, is now planning to go hard on Bitcoin, possibly to relive those days.

A day after revealing to CNBC that they plan to add Bitcoin to their treasury reserve asset, GameStop is now focusing on a planned sale of bonds, which will serve as a way to buy $1.3 billion worth of Bitcoin.

This approach to mirror MicroStrategy’s (NASDAQ:MCRI) strategy suggests that GameStop, which hasn’t gotten a lot of traction as a game retail store lately, is trying to push itself into the limelight. This has created an interesting time to find the best crypto to buy now.

How Will GameStop’s Purchase Impact the Bitcoin Price?

With GameStop acting as the newest Bitcoin whale, investors should expect the BTC price to increase momentarily. BTC is currently hovering above its $85K support and has recently crossed its $87K resistance. However, the price continues to remain volatile.

Though an upward momentum has already been established ever since the world’s largest crypto bottomed around the $76K level, Alternative shows that the Fear and Greed Index is still 40. Therefore, while the impact of GameStop finally making the purchase will be profound, it will be momentary, followed by a correction that could be major or minor depending on the market conditions.

Best Crypto To Buy Now – Top Picks

While there are signs that the market may have reached the bottom, investors are still apprehensive about buying crypto that are currently being traded on exchanges. Their best option is to dive into crypto ICOs or pick tokens that are making significant headway on the technological and regulatory front.

Meme Index

Upon raising upwards of $4.2 million to date, Meme Index has proven itself to be a formidable crypto ICO that blends the concept of utility with meme coins. Designed as a decentralized meme coin index, Meme Index aims to give users maximum flexibility when diversifying cryptocurrency investments.

Meme Index offers four different types of indices – one for each level of volatility. It starts with the Meme Titan Index, which is meant for high-cap meme coins. Then, there is the Meme Moonshot Index, with slightly more volatile assets, then Meme Midcap Index, and finally, the Meme Frenzy Index.

Meme Index also makes things interesting with its staking perks, allowing investors to invest during the presale and generate passive gains.

As one of the more innovative projects on the market, Meme Index is a good buy.

YouTubers like Cryptonews have applauded it for its amazing tech, and sites like The Economic Times have appreciated the