Could Reddit's GameStop Run Be a Boon for Crypto? On 1/29/21 at 6:00 AM EST As GameStop's stock price has continued to rise over the past week, due to users of a Reddit thread, some experts have suggested that the situation could be beneficial to cryptocurrency trading. Over the past week, the share price of GameStop has skyrocketed to a high of $469 on Thursday, an increase of roughly 400 percent. The surge was caused by a group of Reddit users on the subreddit R/WallStreetBets, who set out to thwart hedge fund traders who bet against the company by short selling. Several other stocks, such as AMC, BlackBerry and Nokia, have also seen a rise in price due to the Reddit users.