"nearly as high"
That's not a good metric. The metric that should be considered is profit. If BTC doubles in value and you bought BTC at it's current price, profit 100%.
Once GME transformation is complete, I expect it to be at least 10x it's current price per share.
But what about the short squeeze? If we analyze the short squeeze of Tesla, it was a 250% increase from the start of the squeeze to the peak.
Now consider how much short interest GME is at. Way more than Tesla was. The short interest was around 20-25% of Tesla's float.
Regarding the GME "sneeze", at its peak, the short interest was reported to be over 100% of the float. Specifically, around January 2021, the short interest in GameStop was estimated to be around 140% of the total available shares.
Short hedge funds have been shorting it ever since the "sneeze" occurred to prevent them from going bankrupt. Imagine how much the short interest is now!
"nearly as high"
That's not a good metric. The metric that should be considered is profit. If BTC doubles in value and you bought BTC at it's current price, profit 100%.
Once GME transformation is complete, I expect it to be at least 10x it's current price per share.
But what about the short squeeze? If we follow the short squeeze of Tesla, it was a 250% increase from the start of the squeeze to the peak.
Now consider how much short interest GME is at. Way more than Tesla was. The short interest was around 20-25% of Tesla's float.
Regarding the GME "sneeze", at its peak, the short interest was reported to be over 100% of the float. Specifically, around January 2021, the short interest in GameStop was estimated to be around 140% of the total available shares.
Short hedge funds have been shorting it ever since the "sneeze" occurred to prevent them from going bankrupt. Imagine how much the short interest is now!