![\"Mad](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/03\/cramer-gamestop-768x432.jpg\")
<\/p>\n<\/p>\n
Mad Money host Jim Cramer thinks he has a solution to save troubled video game retailer Gamestop with the help of bitcoin. He suggests that Gamestop should raise money to buy the cryptocurrency, then convert its 5,000 locations into bitcoin stores. He believes his idea will work.<\/strong><\/p>\n Mad Money Jim Cramer said on CNBC last week that he believes he has come up with a viable plan to help video game retailer Gamestop (GME). He said his idea will fix the company\u2019s valuation. The Gamestop stock surged by over 100% last week after the company announced that its CFO Jim Bell would resign.<\/p>\n His idea is for Gamestop to \u201cbecome a dealer in crypto.\u201d He noted that it is what Square and Paypal are doing, which he initially thought \u201cseemed ridiculous\u201d but then it \u201cwas ok.\u201d Cramer is the host of Mad Money on CNBC and a former hedge fund manager who co-founded the financial website Thestreet.com.<\/p>\n Cramer also pointed out that Nvidia is coming up with graphics cards for crypto. \u201cLast night on the unbelievably good Nvidia call, as a side note, they talked about March. [They\u2019re] going to have some actual cards just for crypto. It really won\u2019t be important for Nvidia, but it could be important for a place like Gamestop,\u201d the Mad Money host described. He continued:<\/p>\n If Gamestop were to turn itself into a 5,000-store introduction to crypto, make it so that they sell $1 billion worth of stock \u2026 and buy crypto with it, and then make it so it\u2019s an international gaming place where you win bitcoin, I think you can justify the stock price.<\/p>\n<\/blockquote>\n \u201cAnd it doesn\u2019t have to be bitcoin. We can make it crypto,\u201d he clarified. \u201cBut turn it into a crypto information palace and you have worldwide games, no latency, you play it.\u201d<\/p>\n He tweeted telling Gamestop board member Ryan Cohen to tell \u201cthe board to sell 10 million shares of Gamestop at $200 and buy bitcoin and say Gamestop is now a bitcoin store that also sells games.\u201d<\/p>\n <\/ins> <\/ins> <\/p>\n Cramer has floated the idea of turning Gamestop stores into a bitcoin empire before. On Feb. 5, he tweeted:<\/p>\n Gamestop needs to be a 5,000 store bitcoin palace. I cannot believe how brilliant that would be \u2026 They can sell stock, buy a ton of bitcoin and just hold on. Call it Bitstop. Or Gamecoin.<\/p>\n<\/blockquote>\n \u201cI have not been able to come up with anything else, but this works,\u201d he concluded. \u201cI have a feeling that this is the way to get this stock higher. I can\u2019t come up with another way.\u201d<\/p>\nJim Cramer Has Idea to Use Bitcoin to Save Gamestop<\/h2>\n
\n
\n