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Kronos Research Chief Investment Officer: Simply buying BTC is not enough to increase a company's stock price.
According to Gate News bot, CoinTelegraph reported that Vincent Liu, the Chief Investment Officer of Kronos Research, stated that although companies are adopting Bitcoin to diversify financial risks and seek new liquidity amid the expanding national dollar debt levels, buying Bitcoin is still not enough.
He mentioned that the launch of the Bitcoin vault requires "developing a comprehensive strategy to protect capital and enhance liquidity," because without "clear execution and long-term vision, it is unlikely to achieve sustained value."
"This is not just a matter of buying Bitcoin, but rather how and why to buy it. A clear strategy and strong execution can build trust and attract liquidity, but if it's just hype or a news sell-off event like GameStop, its impact will be minimal," he explained.
GameStop previously ventured into the crypto space by providing users with a crypto wallet, but due to regulatory uncertainty, it ultimately shut down the wallet in November 2023.
It launched an NFT marketplace, but due to similar concerns about regulatory uncertainty, the marketplace ultimately closed in January 2024.
A short squeeze in 2021 led to GameStop's stock price soaring over 1000% in a month, as traders completely defeated the hedge funds that were profiting by shorting the company, making GameStop the first example of a meme stock's success.