Gerber Dumps on Saylor for 'Undermining' Bitcoin

Ross Gerber, a well-known Tesla bull and longtime Bitcoin investor, has expressed his loss of confidence in the cryptocurrency due to the involvement of Michael Saylor. In a recent post on X, Gerber stated that Saylor's influence makes it 'hard to take (Bitcoin) seriously anymore'.

Gerber has been critical of Strategy co-founder Saylor's approach to buying and selling Bitcoin, accusing him of undermining the asset he has spent years promoting. He questioned Strategy's business model, saying it involves 'buying high and selling low', which he believes is unsustainable.

Gerber also pointed out that while Saylor claims to never sell his Bitcoin, Strategy has indeed been selling its holdings, creating a negative cycle of liquidation in the market.