Prominent Tesla investor Ross Gerber believes that Bitcoin is here to stay after the largest cryptocurrency managed to defy the odds yet again with its spectacular performance in January.
Taking to Twitter this morning, Gerber The co-founder and CEO of Gerber Kawasaki Wealth & Investment Management wrote: “Another fun day for bitcoin $23k and defying the haters who were sure it was dead. But no, bitcoin is like a cockroach returns every time.” The tweet was accompanied by a cockroach emoji.
The investor has long been an advocate of cryptocurrencies, so his tweet can hardly come as a surprise.
As reported by U.Today, Gerber revealed that he was a Bitcoin owner during this 2020 appearance on the Off The Chain podcast with Anthony Pomliano. The prominent investor described Bitcoin as an inflation hedge and digital gold.
Yuri MolchanIn the same way, Bitcoin is revolutionizing the global economy and has grown exponentially since its inception in 2009 despite numerous adversities. Bitcoin's decentralized nature makes it immune to manipulation or seizure by governments, banks, or other large institutions. This decentralized structure provides financial independence and freedom from government intervention while mitigating the risk associated with inflation.
After enduring multiple bear markets, Bitcoin managed to recuperate its losses and cement itself as an integral asset in the modern global economy
Dan Burgin
Vladislav Sopov