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Coin Telegraph

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Image Credit: Coin Telegraph

Would GameStop buying Bitcoin help BTC price hit $200K?

  • Bitcoin (BTC) has struggled to reclaim the $100,000 level for the past 50 days despite strong institutional demand.
  • GameStop Corporation (GME) announced plans to allocate a portion of its corporate reserves to Bitcoin.
  • Bitcoin's integration into traditional financial systems remains largely undeveloped, hindering its growth as collateral.
  • Concerns about market manipulation, lack of transparency, and regulatory issues are limiting institutional investor participation in Bitcoin markets.

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