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.

Trader Scott Melker pushed back on that framing, arguing that crypto-linked Visa and Mastercard cards already allow holders to spend Bitcoin at nearly any point of sale that accepts plastic.

That distinction matters for anyone tracking Bitcoin payments adoption, since card-rail spending routes through a custodian converting BTC to fiat at the point of sale rather than merchants accepting Bitcoin directly on-chain.

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