Firms without business models ‘buy Bitcoin’ — Angel investor Jason Calacanis

Prominent US-based angel investor Jason Calacanis poked fun at GameStop’s decision to invest in Bitcoin. In a March 26 X post, Calacanis suggested that buying Bitcoin (BTC) was a solution well-suited for public companies that do not have a suitable business model:“If you’re a public company that can’t figure out a business model, buy Bitcoin! This might actually be great advice if [Strategy co-founder Michael Saylor] is gonna buy $1T in Bitcoin. ”Still, Tomas Fanta, principal at crypto investment firm Heartcore, told Cointelegraph that there are tangible long-term benefits to holding Bitcoin on a corporate balance sheet. Among those he listed were long-term price appreciation and theoretically lower correlation to equity markets over time source: https://cointelegraph.com/news/firms-without-a-business-model-buy-bitcoin-angel-investor-jason-calacanis?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound