Amidst the post-election market rally, influential investor and CEO of Gerber Kawasaki Wealth and Investment Management, Ross Gerber, has declared Bitcoin the true winner of the U.S. elections. This bold statement comes on the heels of Bitcoin’s record-shattering rally, which has seen the cryptocurrency reach new highs on a daily basis.
Gerber, known for his outspoken views on the cryptocurrency market, took to X (formerly Twitter) to express his enthusiasm. He added a ‘fire’ emoji to his post, emphasizing the blistering trajectory of Bitcoin over the past week. He also shared that his investment advisory firm has exposure to Bitcoin, alongside their largest position in artificial intelligence giant Nvidia.
“Bitcoin is 🔥- the true winner of the election,” Gerber declared. “We also own bitcoin, and Nvidia is our top position. It’s been a good post-election rally for markets and stocks. Lower rates. Economy is decently strong as well. Quite a set of factors for a market rally.”
The firm’s latest 13F filing with the SEC revealed that Gerber Kawasaki holds 31,588 shares of iShares Bitcoin Trust ETF (IBIT), with an estimated market value of $1.56 million.
Gerber’s bullish sentiment aligns with the ongoing cryptocurrency bull run, which has seen Bitcoin reach unprecedented highs. Following Donald Trump’s presidential victory last week, Bitcoin has continued its ascent, with weekly gains exceeding 30%.
While Gerber is optimistic about Bitcoin, he has previously cautioned investors against investing in lesser-known cryptocurrencies, referring to them as “sh*tcoins.” He urges investors to focus on established cryptocurrencies like Bitcoin and Ethereum, which he considers the “king and queen” of the crypto world.
At the time of writing, Bitcoin was trading at $88,581.58, up 9.64% in the last 24 hours. This remarkable performance highlights the potential of Bitcoin and its growing influence in the financial landscape.
