GameStop's Bitcoin (BTC) investment decision poked fun at by Jason Calacanis

Prominent US-based angel investor Jason Calacanis poked fun at GameStop's decision to invest in Bitcoin.

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:

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.

“I do disagree with the view, though, that failing companies should be using Bitcoin as the last-ditch strategy,” Fanta said.

Related: GameStop hints at future Bitcoin purchases following board approval

Source: Jason

Is GameStop’s adoption part of a trend?

Fanta said that while “one case is not enough to gauge a broader trend,” there does appear to be such a trend:

Saul Rejwan, managing partner at crypto early-stage venture capital firm Masterkey, echoed the sentiment. According to him, companies are increasingly trying to secure themselves against long-term monetary shifts.

“Bitcoin’s role as a corporate reserve asset is no longer fringe; it’s becoming a legitimate play for companies that want to align themselves with a digitally-native, inflation-resistant financial future,” he said. “While not every company will follow suit, GameStop’s move joins a growing chorus,” Rejwan added.

Related: GameStop buying Bitcoin would ‘bake the noodles’ of TradFi: Swan exec

Adopting Bitcoin is adapting to change

Rejwan also noted that historically successful companies often falter when they resist change — citing Nokia as an example — and said adopting Bitcoin could be viewed as a strategic adaptation:

This idea was also repeated by Georgii Verbitskii, founder of crypto investment app TYMIO, who said that GameStop “could well become the example the market is waiting for.” He added: