The Three Major Games and Future Reconstruction Under the Giant Changes in Market Structure
I. The Ultimate Showdown Between Traditional Financial Giants and Native Crypto Forces 1. GameStop-style Cross-Industry Shockwave In March 2025, GameStop announced a massive purchase of Bitcoin by issuing $1.3 billion in convertible notes, shaking the market with this traditional retail giant's strategic shift to crypto. The underlying logic is that, amid tightening liquidity in the traditional financial system, Bitcoin's anti-inflation properties as 'digital gold' are increasingly being viewed as a strategic reserve option by more companies. This move not only stimulated Bitcoin's price to surpass $87,000 but also marked a new phase in the deep integration of traditional enterprises and the crypto ecosystem.
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