As BTC price continues to decline, eyes turned to this stock

While Bitcoin (BTC) showed no signs of recovery on January 27, a large fund thinks it will benefit from new trends among investors. On the other hand, this week all eyes were on the price fluctuation of GameStop (GME).

GME significantly outstripped Bitcoin in 2021 in terms of its value increase. The astonishing rally of over 3,000 percent is seen by some analysts as “dangerous”.

Bitcoin Price Index: 1 Bitcoin How Many TL? (BTC TL)

Performance of BTC and GME stock (orange). Source: Tradingview

GameStop: Is it too high?

According to Cointelegraph Markets and Tradingview data, the BTC / USD pair has continued to struggle with selling pressure in the last 24 hours. Crypto currency translation is trading at $ 31,270 as of the time of publication.

While mainstream media rhetoric about the performance of cryptocurrency has differed, attention has already turned to another asset that worries commentators more. GameStop, which increased by almost 700 percent in just two weeks, should be investigated by US regulators.

Elon Musk also talked about the rise of GME stock in a post.

Famous investor Michael Burry, who also took the GameStop position, warned in a post he later deleted:

“If I put GME on your radar and you do a good job, I would be happy for you. However, what is happening now must have legal consequences. This is unnatural, crazy and dangerous. “

Scaramucci: “GameStop boom shows Bitcoin will work”

SkyBridge Capital Founder Anthony Scaramucci said the individual investors participating in the GameStop boom are evidence of the changing face of the market.

“The activity at GameStop proves that Bitcoin will work,” Scaramucci stated.

“How will you beat this decentralized crowd? It sounds more like decentralized finance to me. “

GameStop’s transaction volume has outpaced Bitcoin significantly in the past few days. GameStop saw a transaction volume of $ 20 billion, while Bitcoin’s transaction volume was measured at $ 13 billion.

Scaramucci added, “This is the era of micro investors and you have to take it seriously or you will go bankrupt.

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