Roaring Kitty Fortune Potentially Hits $1 Billion If GameStop Soars to $65

2024-06-07
Roaring Kitty Fortune Potentially Hits $1 Billion If GameStop Soars to $65

Bittime - If the stock price of GameStop (GME) soars to $65 a share today, the investment portfolio of Keith Gill, known as Roaring Kitty on Twitter and YouTube, and DeepFuckingValue on Reddit, could potentially explode to a value of $1 billion.

The Impact of GameStop's Surge on Roaring Kitty

A significant surge in the price of GameStop (GME) would trigger a significant increase in the value of the portfolio of Gill, who many believe to be one of the most influential early GME investors.

It should be noted that the $1 billion figure is only a rough estimate and the actual value of Gill's portfolio may vary depending on other factors, such as the composition of his portfolio and market price fluctuations.

Nonetheless, this substantial increase in the price of GME signals huge potential gains for Gill and other GME investors, who have long supported the company.

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Keith Gill Makes Fantastic Profits from GameStop Investment

After the market closed, Gill announced that his 5 million GME shares had risen 119%, while his 120,000 call options had jumped 376%.

Overall, Gill's GME portfolio, which was initially valued at $174 million, has now reached a fantastic value of $586 million.

Furthermore, Gill predicts that if the price of GME reaches $65 per share, the value of his portfolio will break the $1 billion mark.

GME's rise was triggered by various factors, including high retail investor interest, short squeeze speculation, and optimism about GameStop's growing business prospects.

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GameStop (GME) Perform

At the time of writing, GME shares were trading at $61.61 in the pre-market session, a 33% jump from the previous day's closing value.

This price increase was triggered by a live broadcast announcement by Roaring Kitty scheduled for noon on Friday, encouraging investors to flock to buy GameStop shares.

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Roaring Kitty Floods Traffic

Even though the livestream won't start until 6 hours, YouTube chat is flooded with bots, degens, meme coin fans, and opportunists looking to take advantage of the situation by promoting other meme coins.

The tension arose from one of the proactive states, who asked why their European counterparts weren't taking more concrete steps to increase the value of GME in after-hours trading.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.

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