Leading names in the cryptocurrency community like Max Keizer and Barry Silbert believe that the money on these platforms will flow to Bitcoin, as Robinhood, TD Ameritrade and other leading brokerage firms have suspended trading of GME and AMC stocks.
As a result of individual investors revolting against Wall Street giants, US-based GameStop shares rose more than 8,000%. Organized on a channel called “WallStreetBets” on Reddit, investors recorded an incredible rise in GameStop stock, where Wall Street giants opened short positions.
According to S3 Partners data With the shares of GameStop rising up to $ 500 as of today, investors who took short positions suffered a loss of approximately $ 23 billion. Some brokerage firms such as Robinhood, TD Ameritrade and Schwab, GameStop (GME) and In addition to AMC Entertainment Holdings (AMC) shares, it also restricted the trading of Nokia (NOK) shares. For Nokia is expected to be the next target of “WallStreetBets” investors.
GameStop (GME) with cessation of trading and AMC Entertainment Holdings (AMC) stocks experienced sharp losses in value. GameStop dropped from the $ 500 band to $ 125. AMC Entertainment Holdings (AMC), on the other hand, dropped from $ 21.5 to $ 6.55.
Robinhood ve TD AmeritradeBitcoin advocate Max Keieser and founder of Digital Currency Group (Grayscale’s umbrella company), after the suspension decision hit the agenda like a bomb Barry Silbert explained that they expect the funds here to flow into decentralized markets such as Bitcoin.
In the past hours, many individual investors and community leaders, Robinhood and TD AmeritradeHe posted on Twitter to express his anger over the suspension move. David Portnoy stated that Robinhood should revoke the GME ban or it would be the end of Robinhood.
Anthony Pompliano, Ryan Selkis and Misha Lederman shared on their Twitter accounts that cryptocurrencies continue to be the only market that cannot be optionally closed. research company “Nobody can stop you from investing in BTC, ETH and other cryptocurrencies.” shared.