Will Keith Gill return to the MEME bull market in 2021?

Author: Tom Mitchelhill, Cointelegraph; Compilation: Deng Tong, Bit Chain Vision Realm

Keith Gill was widely considered to be the initiator of the Gamestop in 2021. His suddenly unexpected return made the speculators ask a question: Will we usher in GameStop 2.0?

Many people have hope, but at least one analyst expressed doubt about it.

During the epidemic, Gill was the central figure of the legend of GameStop. The traders of Reddit flipped the situation in the hedge fund’s transaction. These hedge funds have been short -term.This eventually led to the price of GME more than 1,000%in less than a month.

Some people also believe that after retail investors have turned their attention to other places, the short squeezing of GameStop is the foundation for the price of the prices of mold coins such as Doge and Shib (SHIB).

Gill disappeared on the social media on June 19, 2021, but returned on May 13th after the interruption, and released a typical mysterious emoticon package.return.

Within 24 hours after Gill returned to X, GameStop’s stock price rose 111%, while Doge and Shib rose 6.2%and 5.4%during the same period.

The price trend of GME, DOGE and Shib has been compared since May 5th.Data source: tradingView

Now, cryptocurrency enthusiasts hope that the return of Gill will trigger similar retail enthusiasts.

A analyst does not hold an optimistic attitude

However, ETORO market analyst Josh Gilbert pointed out that this time it may not be so easy.

He said: “I think this will definitely cause some of these assets to strengthen, but it is difficult to see any long -term prospects.”

In addition, Gilbert pointed out,Compared with 2021, the underaying shorts of assets such as GameStop are much smaller, which means that the “rising scale” may be smaller.

“The current environment is incomparable to 2021. At that time, interest rates were at the lowest level. Governments of various countries provided fiscal stimuli globally, and the major economies had almost no inflation.”

“The US interest rate is 5.5%, and the global cost of life is happening. In short, consumers are unlikely to be in the same situation as 2021, which has a huge impact on financial decisions,” Gilbert added.

Cryptocurrency enthusiasts provide a simpler argument for their optimism.

In the recent integration of anonymous trader Travis, in the recent integration of Robinhood and decentralized exchange Uniswap, he said that a new wave of GameStop encrypted fanatic can be reasonably expected to purchase Memecoin and other cryptocurrencies through the application.

“Just remind you, you can now trade Memecoin on Robinhood. Do you think the Roaring Kitty Legion won’t buy these things?”

However, Gilbert said that in addition to many other factors, most investors now know how the speculative rebound is over, and it is more likely to take a more cautious attitude.

Source: Trader Travis

He said: “I think our situation is completely different from 2021, which makes me think it is unlikely to have a similar rebound.”

“Speaking, 14.5 million users of WallStreetbets have stated in the past few years that everything is possible.”

Some gamestop -related coins, including tokens named GameStop (GME) (no formal relationship with the company), have soared significantly in this dramatic event.According to BirdEye data,GME Memecoin soared more than 3,650%in a single day.