Early Uber investor questions GameStop's Bitcoin reserve strategy: Only companies without a business model would buy BTC

According to Cointelegraph, Uber and Robinhood early investor Jason Calacanis questioned GameStop's Bitcoin reserve strategy, believing that this approach might just be a gimmick without a viable business model. Jason Calacanis said: "If you are a listed company that can't come up with a business model, then buy Bitcoin. If Strategy co-founder Michael Saylor wants to buy $1 trillion worth of Bitcoin, it might be good advice."

However, Saul Rejwan, managing partner of the early cryptocurrency venture capital firm Masterkey believes that the role of bitcoin as corporate reserve assets is no longer marginalized. For companies hoping to hedge against inflation, bitcoin is becoming an option.