From Yahoo Finance: 2025-03-28 23:30:00

Renowned economist Peter Schiff criticized GameStop’s Bitcoin investment strategy as shares plummeted. Schiff called those who fell for the hype “fools” and noted smarter investors are selling. GameStop initially saw a spike after announcing Bitcoin adoption but sentiment turned after a debt offering to fund BTC purchases. Schiff had previously called the move a “Hail Mary” play.

Read more: ‘Now That All The Fools Have Already Rushed In, Smarter Investors Are Selling’