Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber likened Bitcoin and Ethereum to cockroaches, thereby highlighting the resilience of the two largest cryptocurrencies.
Bitcoin and Ethereum are like cockroaches, they will not die … BTC and ETH are good options to play these assets in the long term, he said in an interview with Yahoo! Finance.
“I don’t see any correlation between bitcoin and inflation in the United States, but the pullback in bitcoin is really a byproduct of its very high price and the fact that it’s had such a great year,” Gerber Kawasaki Wealth & Investment Management CEO @GerberKawasaki says. pic.twitter.com/6YWuplH9K6
— Yahoo Finance (@YahooFinance) December 10, 2021
Over the course of seven years, I have watched several times as they were nearly killed, and they continue to survive like cockroaches for thousands, if not millions of years.
Gerber said he has no plans to get involved with cryptocurrencies, which are of no use, as he considers himself a long-term investor.
The American investor also warned crypto enthusiasts that the next crypto winter is imminent and violent. We may already be seeing it, as Bitcoin and Ether are now down 30.18% and 17.35% from their November ATHs.
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