The post Borroe Finance: Reflecting on the GameStop Short Squeeze appeared on BitcoinEthereumNews.com.

First, let’s pour one out for the GME faithful. After a wild two-day short squeeze that saw the stock soar over 180% amid more halts than a senior citizen’s bathroom break, reality finally caught up with the meme dreamers. Other heavily-shorted names like AMC, SunPower (SPWR), and Beyond Meat (BYND) also took a beating, proving once again that what goes up on hype must come down on fundamentals. Sure, the re-emergence of OG meme lord Keith “Roaring Kitty” Gill sparked some nostalgia for the glory days of 2021, when GameStop became the poster child for the “little guy vs. Wall Street” narrative. But even with short interest still hovering around 24%, the chances of a repeat performance are looking slimmer than a Victoria’s Secret model. As tastylive CEO Tom Sosnoff put it, this ain’t no “transformational moment” like we saw three years ago. The lockdown-fueled retail trading frenzy that dragged millions of newbies into the casino? That lightning ain’t striking twice.   Bitcoin’s Quiet Comeback While the meme stock faithful were busy chasing ghosts, Bitcoin was quietly staging a comeback of its own. The king of crypto has been on a tear lately, shrugging off regulatory FUD and Elon Musk’s Twitter antics to reclaim its rightful place at the top of the digital asset throne. And with institutional adoption growing by the day and a new wave of retail FOMO brewing, it’s starting to feel like 2017 all over again – minus the ICO scams and Mt. Gox PTSD. But here’s the thing – while Bitcoin basks in the spotlight, a new breed of blockchain insurgents is waiting in the wings, ready to steal the show. And leading that charge is none other than Borroe Finance, the CrossFi powerhouse that’s about to redefine the way we think about DeFi. >>BUY…

---

Filed under: News - @ May 20, 2024 7:22 pm