GameStop, the video game retailer that made its name during the 2021 meme stock craze initiated by Roaring Kitty and his crypto sentiment, is considering investing in Bitcoin. This news sent GameStop’s stock (GME) soaring by 18% yesterday and sparked discussions about its influence on Bull Run in the crypto market.
The gaming industry as one of the largest entertainment sector by revenue, could catalyze a bull run similar to 2021. Keith Gill’s aka Roaring Kitty influence in the meme stocks along with the gaming ecosystem’s financial dominance will drive to new heights.
JUST IN: GameStop $GME considers investing in Bitcoin and other cryptocurrencies.
— Watcher.Guru (@WatcherGuru) February 13, 2025
Gaming Industry and GameStop to Pump Bitcoin Price: What Does Roaring Kitty Crypto Sentiment Suggest?
Roaring Kitty’s bullish analysis and social media presence drove a community of retail traders, leading to a short squeeze that cost hedge funds billions. His influence has persisted into 2025, with his cryptic posts on his X continuing to move GME stock.
On Christmas 2024, Roaring Kitty’s post featuring a wrapped gift caused GME to jump 6%, and on January 2nd, 2025, a Rick James-themed GIF led to a 300% rally in GameStop-themed cryptos like GmeStop and GameStop.
— Roaring Kitty (@TheRoaringKitty) December 25, 2024
If GameStop allocates a portion of its $4 billion in cash reserves to Bitcoin, it could join companies like MicroStrategy and Tesla, which have boosted their earnings by holding Bitcoin. This move could amplify GME’s stock price, and, given Gill’s influence, it will trigger a new batch of retail investors, who will then pour into the crypto market.
Keith Gill’s ability to move markets is undeniable. His social media posts have repeatedly pumped up GME stock. According to Bloomberg, GME trading volumes have reached nearly five times the 20-day average following his Christmas post.
If GameStop invests in Bitcoin, Gill’s social media presence will spread the news, driving retail closer to Bitcoin.
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The Gaming Industry Goliath: Are Gaming Bitcoin Reserves a Sleeping Giant?
The gaming industry is the largest entertainment sector in terms of revenue, surpassing film and music combined.
In 2023, global gaming revenue reached $227.6 billion. This figure is expected to grow to $256 billion by 2025, driven by emerging markets and the rise of blockchain gaming.
The industry’s financial dominance makes it a powerful catalyst for crypto adoption, especially if companies like GameStop integrate crypto assets into their ecosystems.
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The biggest games in the world in terms of revenue and player base will follow GameStop’s crypto strategy.
PUBG Mobile, a Tencent title, earned $1.2 billion in 2024. Minecraft, with 140 million monthly active users, generated $380 million in 2023, according to Microsoft. These games have massive communities that could adopt crypto if integrated into their ecosystems.
For example, “Fortnite,” which earned $5.8 billion in 2022, per Epic Games, has experimented with NFTs through partnerships with high-end fashion brand Balenciaga.
If GameStop invests in Bitcoin and partners with Epic Games or Tencent to create crypto-powered in-game economies, it will drive adoption among millions of players.
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Bitcoin’s price has always influenced the crypto market. When Bitcoin rises, altcoins often follow to spill the gold to smaller caps when the panning sieves are full.
When GameStop’s Bitcoin investment starts a rally, Bitcoin’s dominance will initially rise, but as altcoins catch up, dominance declines, leading to a crypto bull run. GameStop’s move is bullish for the crypto market, with some predicting a massive crypto move.
The gaming industry is likely the silent catalyst of this bull run.
EXPLORE: Crypto Trends For Bullrun – January 2025
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Key Takeaways
- Gaming Industry and GameStop to Pump Bitcoin.
- The Gaming Industry Goliath and Its Crypto Influence.
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