PANews reported on March 27 that according to Cointelegraph, Jason Calacanis, an early investor in Uber and Robinhood, questioned GameStop's Bitcoin reserve strategy, believing that this approach may just be a gimmick and has no viable business model. Jason Calacanis said: "If you are a public company that can't come up with a business model, then buy Bitcoin. If Strategy co-founder Michael Saylor wants to buy $1 trillion worth of Bitcoin, it may be a good suggestion."
However, Saul Rejwan, managing partner of Masterkey, an early-stage cryptocurrency venture capital firm, believes that Bitcoin's role as a corporate reserve asset is no longer marginalized, and is becoming an option for companies that want to hedge against inflation.
