There has been a lot of turmoil in recent days due to the huge increase in GameStop (GME) stock price caused by a group of redditors. Many trading platforms, including RobinHood have blocked buying for their users, attempting to protect Hedge Funds, and this has raised a lot of buzz in the crypto community as well.
Block.One CEO, Brendan Blumer expressed his opinion on Twitter:
Many other prominent people in the crypto community have also discussed this, arguing how this incident could lead to additional money flowing into cryptos as well.
Regardless of how things go with GameStop, cryptocurrencies are already gaining popularity. DogeCoin is the second highest volume coin in the 24 hours, after Bitcoin, and has gained over 500% still thanks to some redactors, while Bitcoin took off towards $37,000 thanks to Elon Musk's new status.