GameStop Bitcoin volatility legendary investor Bill Grossknown as the “Bond King”observes a remarkable transformation in GameStop (GME) noting that the stock now “mimics Bitcoin” rather than behaving like the meme driven rollercoaster it once was. Gross highlights GME’s tighter trading range and reduced volatility deeming it a good candidate for option selling rather than meme style speculation.
Bill Gross’s Perspective
Gross recalls how he once earned $15 $20 million betting against GameStop and AMC during the 2021 frenzy. Now, he intentionally avoids the latest memes like Opendoor or American Eagle preferring assets like GME that exhibit structured crypto like trading rhythms instead.
Performance Patterns: GME vs. Bitcoin
Over the past year GameStop stock mostly traded within the $20 $35 range a stark contrast to its meme era swings from $1 to over $121. Bitcoin’s path mirrored GME’s cyclic patterns rising in late 2024 dipping in spring 2025 and rebounding by mid‑year.
GameStop’s Bitcoin Strategy
In late May 2025, GameStop made headlines by purchasing 4,710 BTC, amounting to over $500 million its first major move to bolster its treasury with cryptocurrency following a strategic policy shift in March.
CEO Ryan Cohen frames this investment as a hedge against inflation and hints at the possibility of accepting crypto as payment for trading cards in the future.
Implications for Traders & Investors
- GME is transforming into a stock suited for option selling strategies offering structural reliability over meme volatility.
- Its Bitcoin inclusion may attract crypto curious capital via equity markets.
Still risks remain disappointing earnings dilution or renewed meme dynamics could reignite erratic behaviors.
What to Watch Next
- Will GameStop continue acquiring BTC, and how much more might it invest?
- Upcoming earnings or funding moves could shift volatility patterns further.
- Will GME solidify as a crypto equity hybrid or revert to meme action under retail exuberance?
Conclusion
Bill Gross’s observation marks more than just talk it highlights GameStop’s evolving identity. No longer a meme stock GME now walks a path parallel to Bitcoin acting like a digital asset proxy. As the company builds crypto reserves and explores strategic utility it may redefine how retail favorites and digital assets converge in modern markets.