The New Gold? Seasoned Investor Ross Gerber Spots A 'Pot Of Bitcoin' At The End Of The Rainbow

Benzinga12-18

Veteran Wall Street investor Ross Gerber hinted at a promising future for Bitcoin BTC/USD on Tuesday, seemingly elevating it to the level of gold. What Happened: Gerber, CEO of Gerber Kawasaki Wealth ...

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Seasoned Investor Ross Gerber Spots A 'Pot Of Bitcoin' At The End Of The Rainbow","media":"Benzinga","content":"<div>\n<p>Veteran Wall Street investor Ross Gerber hinted at a promising future for Bitcoin BTC/USD on Tuesday, seemingly elevating it to the level of gold.\nWhat Happened: Gerber, CEO of Gerber Kawasaki Wealth ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/12/42547334/the-new-gold-seasoned-investor-ross-gerber-spots-a-pot-of-bitcoin-at-the-end-of-the-rainbow\">Source Link</a>\n\n</div>\n","source":"Benzinga","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The New Gold? 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Seasoned Investor Ross Gerber Spots A 'Pot Of Bitcoin' At The End Of The Rainbow\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-18 16:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/24/12/42547334/the-new-gold-seasoned-investor-ross-gerber-spots-a-pot-of-bitcoin-at-the-end-of-the-rainbow><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Veteran Wall Street investor Ross Gerber hinted at a promising future for Bitcoin BTC/USD on Tuesday, seemingly elevating it to the level of gold.\nWhat Happened: Gerber, CEO of Gerber Kawasaki Wealth ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/12/42547334/the-new-gold-seasoned-investor-ross-gerber-spots-a-pot-of-bitcoin-at-the-end-of-the-rainbow\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4594","symbol_name":"比特币ETF概念","start_time":0,"source_url":"https://www.benzinga.com/markets/cryptocurrency/24/12/42547334/the-new-gold-seasoned-investor-ross-gerber-spots-a-pot-of-bitcoin-at-the-end-of-the-rainbow","article_id":"2492977869","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2024/12/18/Bitcoin-vs-gold.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492977869","pubTimestamp":1734509306,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Veteran Wall Street investor Ross Gerber hinted at a promising future for Bitcoin (CRYPTO: BTC) on Tuesday, seemingly elevating it to the level of gold.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4594":"比特币ETF概念","BK4585":"ETF&股票定投概念","ROST":"罗斯百货有限公司","BK4588":"碎股","IBIT":"iShares Bitcoin Trust","BK4601":"加密货币现货ETF","BK4094":"服装零售"},"translate_title":"新的黄金？经验丰富的投资者Ross Gerber在彩虹的尽头发现了“比特币”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IBIT":1,"ROST":1},"content_text":"Veteran Wall Street investor Ross Gerber hinted at a promising future for Bitcoin BTC/USD on Tuesday, seemingly elevating it to the level of gold.\nWhat Happened: Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, posted a cryptic message alongside an image of a rainbow on X.\n“If you look closely. There is a pot of Bitcoin at the end of the rainbow,” he wrote. \n\nIf you look closely. There is a pot of bitcoin at the end of the rainbow. pic.twitter.com/AzMBm2sLQx— Ross Gerber (@GerberKawasaki) December 17, 2024\n\nThe remark seemed to refer to the popular “a pot of gold at the end of the rainbow” idiom, which means something that is very difficult to achieve but one dreams of getting it.\nGerber’s post may imply that Bitcoin gaining parity with gold as a mainstream hedge against inflation may seem impossible, but it could be achieved if the leading cryptocurrency maintains its bullish momentum.\nSee Also: Bitcoin Is No Manhattan Real Estate, Peter Schiff Challenges MicroStrategy’s Micheal Saylor: ‘BTC Doesn’t Generate Any Income’\nWhy It Matters: Gerber’s post comes after he recently advised investors not to invest in cryptocurrencies other than Bitcoin, citing a higher possibility of fraud and scam.\nGerber added that his firm has been investing in Bitcoin for the past decade, and it has yet to disappoint them.\nAs per the latest 13F filing with the SEC, Kawasaki holds 31,588 shares of iShares Bitcoin Trust ETF IBIT, the world’s largest Bitcoin-based investment fund, with an estimated market value of $1.56 million.\nBitcoin has surged 135% year-to-date, dwarfing returns from other asset classes, including gold. The yellow metal, despite climbing to new peaks this year, could gain just about 29%.\nThat said, Wall Street veteran Dennis Gartman has downplayed Bitcoin’s record-breaking run and dismissed its “digital gold.” narrative.\nPrice Action: As of this writing, Bitcoin was trading at $104,128.08, down 2.77% in the last 24 hours, according to data from Benzinga Pro. Spot gold was trading at $2,644.73 per ounce.\nRead Next: \n\nThis Bitcoin Fork Is Defying Declines In Top Two Cryptos With A 5% Rally Thanks To Strong ETF Hopes In 2025\n\nPhoto courtesy: Shutterstock Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. 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