Gerber Kawasaki praised the resilience of the two largest cryptocurrencies
Ross Gerber, CEO Gerber Kawasaki Wealth & Investment Management, compared Bitcoin and Ethereum to “cockroaches” to highlight the resilience of the two largest cryptocurrencies during his recent interview on Yahoo! Finance:
Bitcoin and Ethereum are like cockroaches, they just won’t die… Bitcoin and Ethereum have been the best way to gamble these assets for the long haul.
He went on to mention that both of these cryptocurrencies were close to dying, but they would manage to come back stronger than ever:
Over the course of the seven years, I’ve seen them almost get killed several times, and they continue to survive just like cockroaches have for thousands, if not millions of years.
Gerber says that he doesn’t want to do anything with cryptocurrencies that don’t have any utility since he considers himself to be a long-term investor.
The US investor also warned the cryptocurrency crowd that the next crypto winter is coming eventually, and that it will be “brutal.”
Bitcoin and Ether are down 30.18% and 17.35% from their respective local peaks that were reached in November.
