Gerber Warns Strategy’s Bitcoin Leverage Could Trigger a Selloff

In Bitcoin news today, Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, argued this week that gold remains easier to use for everyday transactions than Bitcoin, reviving a long-running debate over the asset’s real-world utility.

The comments arrived alongside a sharper attack on Michael Saylor’s Strategy Inc.

(NASDAQ: MSTR), which Gerber warned could “nuke” Bitcoin if its leveraged accumulation model unwinds, according to a note shared with Benzinga.Gerber’s utility argument centers on a simple observation: gold can be exchanged in far more physical settings worldwide than Bitcoin, even after years of industry claims about the cryptocurrency’s payment potential.

Saylor kinda makes me over Bitcoin.