{"id":80570,"date":"2024-06-07T03:57:01","date_gmt":"2024-06-07T07:57:01","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=80570"},"modified":"2024-06-07T03:57:54","modified_gmt":"2024-06-07T07:57:54","slug":"vaneck-advisor-blasts-tradfi-over-gamestop-saga-laud-bitcoin","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/vaneck-advisor-blasts-tradfi-over-gamestop-saga-laud-bitcoin\/","title":{"rendered":"VanEck Advisor Blasts TradFi Over GameStop Saga, Laud Bitcoin"},"content":{"rendered":"\n

VanEck advisor Gabor Gurbacs\u00a0expresses dismay with GameStop meme <\/a>stock's recent 40% price gain, citing the Bitcoin ecosystem as better\u00a0than TradFi.<\/p>\n\n\n\n

\"VanEck<\/figure>\n\n\n\n

Gabor Gurbacs, an advisor at VanEck, recently released a post on X in which he criticizes the TradFi (Traditional Finance)<\/a> system in response to the recent chatter surrounding GameStop meme stock on Wall Street.<\/p>\n\n\n\n

In his June 3 post, Gurbacs criticized the system and praised the Bitcoin ecosystem better.<\/p>\n\n\n\n

Despite the SEC's increased regulation of digital assets, this statement has generated a significant amount of discussion within the global crypto community. <\/p>\n\n\n\n

Additionally, meme stocks are gaining popularity in conjunction with similar characteristics.<\/p>\n\n\n\n

VanEck Advisor Opposes GameStop Stock Restart<\/h2>\n\n\n\n

Gurbacs' post emphasizes the revival of GameStop meme stock, which surged over 40% on ‘The Roaring Kitty's' aka Keith Gill's announcement of a live stream on YouTube on Friday.<\/p>\n\n\n\n

Berkshire Hathaway (NYSE: BRK.B) fell 99% in the same week, which the VanEck advisor said to be, “invalidating any criticism regulators will ever have against Bitcoin.”<\/p>\n\n\n\n

Gurbacs asserts, \u201cThe TradFi system is way worse than Bitcoin exchanges and the ecosystem at large.\u201d<\/p>\n\n\n\n

His statements emphasize a sense of disappointment at the SEC's nationwide scrutiny of cryptocurrency, while TradFi is associated with the same characteristics.<\/p>\n\n\n\n

Meanwhile, the GME stock price\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> experienced a 47.45% increase to $46.55 at press time, as indicated by Nasdaq data.<\/p>\n\n\n\n

The meme-based investment product has further reflected a mania on Wall Street as Roaring Kitty introduces an additional $586 million in stock and options positions.<\/p>\n\n\n\n

This has greatly contributed to the recent extraordinary price increase in the GME stock.<\/p>\n\n\n\n

Crypto Ecosystem Better Than TradFi?<\/h2>\n\n\n\n

Meanwhile, it's worth noting that, while GameStop's GME meme stock has risen nearly 47%, the Solana-based meme coin GME, a crypto inspired by GameStop but unrelated to it, has risen more than 150% amid the continuous hype.<\/p>\n\n\n\n

Despite offering investors the same price volatility, the meme coin has experienced a substantial increase in value compared to the meme stock.<\/p>\n\n\n\n

However, the conflict between DeFi<\/a> and TradFi enthusiasts persists, as prominent figures continue to express their viewpoints.<\/p>\n","protected":false},"excerpt":{"rendered":"

VanEck advisor Gabor Gurbacs\u00a0expresses dismay with GameStop meme stock’s recent 40% price gain, citing the Bitcoin ecosystem as better\u00a0than TradFi. Gabor Gurbacs, an advisor at VanEck, recently released a post on X in which he criticizes the TradFi (Traditional Finance) system in response to the recent chatter surrounding GameStop meme stock on Wall Street. In […]<\/p>\n","protected":false},"author":56,"featured_media":80581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[152,19537,19539,19881,668],"class_list":["post-80570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-gamestop-gme","tag-gamestop-stock","tag-roaring-kitty","tag-vaneck"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/VanEck-Advisor-Blasts-TradFi-Over-GameStop-Saga-Laud-Bitcoin.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/80570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=80570"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/80570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/80581"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=80570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=80570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=80570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}