BTC/USD $68,420 +2.8%
ETH/USD $3,540 +1.4%
SOL/USD $142.80 -0.6%
BNB/USD $605.20 +0.9%
XRP/USD $0.62 -1.2%
DOGE/USD $0.18 +5.4%
BTC/USD $68,420 +2.8%
ETH/USD $3,540 +1.4%
SOL/USD $142.80 -0.6%
BNB/USD $605.20 +0.9%
XRP/USD $0.62 -1.2%
DOGE/USD $0.18 +5.4%
Bitcoin

Top Tesla investor warns Saylor is destroying Bitcoin

Ross Gerber has run out of patience with Michael Saylor. The Gerber Kawasaki CEO and one of Tesla's most prominent public investors posted on Sunday in response to Saylor's latest Bitcoin con

AnonymousCryptoCompass newsroom
July 13, 2026
3 min read
NEWS
Top Tesla investor warns Saylor is destroying Bitcoin
CryptoCompass editorial visual for bitcoin coverage.

Ross Gerber has run out of patience with Michael Saylor. 

The Gerber Kawasaki CEO and one of Tesla's most prominent public investors posted on Sunday in response to Saylor's latest Bitcoin content on X, a video captioned "The Right to Bear Arms", with a bluntness that left little room for interpretation.

"LOL. At some point this whole joke will end," Gerber wrote. "Amazing the guys who built bitcoin are the same ones destroying it."

It was not the first time Gerber had said something like this. It was the third.

The pattern Gerber has been tracking

Back in June, Gerber put it more specifically. Strategy had been selling Bitcoin, the same Bitcoin Saylor had repeatedly and publicly pledged never to sell.

"Saylor says he'll never sell Bitcoin. Then rug pulls the market. It goes lower," Gerber wrote on June 4. "Creating the negative cycle of liquidation of all the speculators. All because the big players are so greedy they can't seem to steal enough when times are good."

Related: This is what $1,000 investment in Strategy 10 years ago is worth today

That post drew over 20,000 views and landed at a moment when Bitcoin was sliding toward $60,000, with Strategy sitting on a reported $14 billion in unrealized losses.

Trending on TheStreet Roundtable

The warning that started it all

The earliest version of this argument came in December 2025, when Gerber used a pointed analogy to explain his problem with the entire corporate Bitcoin treasury model.

"I'm going to start a company to buy gold. Then go public and you can pay 1.5x the gold I own because the business of buying gold is so special it deserves a premium," he wrote. "Or maybe it should be a discount, as this actually costs money and destroys value."

The sarcasm was aimed directly at Strategy's premium-to-NAV pricing and the string of imitators that followed Saylor's model into the market.

What the criticism actually amounts to

Gerber's argument across all three posts is the same one dressed in different language: the financialization of Bitcoin through leveraged corporate treasury vehicles does not strengthen the asset, it introduces selling pressure, liquidation cascades, and a dependency on one man's decisions that Bitcoin was never supposed to have.

Bitcoin was built to be decentralized. Gerber's point is that Saylor made it anything but.

Related: If you invested $10,000 in Bitcoin, Trump meme coin, and gold when Trump took office, here's what you'd have today