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Top Tesla investor Ross Gerber accuses Michael Saylor of harming Bitcoin with risky debt strategies.

Market News
12 Jul 2026
UToday
View Source
Bearish
pluang ai news

Ross Gerber, a prominent wealth manager and major Tesla investor, criticized Michael Saylor, founder of Strategy, for damaging Bitcoin by using reckless leverage and market manipulation. Gerber accused Saylor of causing Bitcoin price drops by selling in desperation and creating negative market cycles that hurt retail investors. He also condemned Strategy's business model of borrowing to buy more Bitcoin, calling it structurally flawed and lacking value creation. Gerber advocates for traditional, regulated investment methods like ETFs to manage digital assets and reduce tax burdens instead of Saylor's aggressive corporate Bitcoin strategy.

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3 hours ago
Bitcoin dominance rises as altcoins weaken and crypto derivatives volume jumps.

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Evernorth expands XRP treasury operations into Japan, leveraging strong local support and partnerships.

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Evernorth, a major digital asset treasury focused on XRP, has launched a dedicated presence in Japan to capitalize on the country's early adoption and regulatory clarity for XRP. The move aims to strengthen institutional use of XRP in Asia, supported...

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