Mirroring the 2021 cycle, the profits from GameStop could spill into altcoins, catalyzing the start of the 2024 altcoin season. Could history repeat itself?
GameStop shares have surpassed Bitcoin’s (BTC) yearly returns within a day. Could part of the profits find themselves in the altcoin market, similar to the previous bull cycle?
On the yearly chart, the returns of GameStop shares are up over 154%, compared to Bitcoin’s over 129% yearly returns, according to TradingView.
Most of GameStop’s returns came during the past two days, with GameStop's price rising over 105% on May 14, as of 2:35 PM in UTC.
