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Ross Gerber says Michael Saylor is damaging bitcoin market

Ross Gerber, an asset manager known as a major Tesla investor, criticised Michael Saylor, saying his heavy leverage and market manipulation are damaging the bitcoin market. Gerber said Saylor’s actions were hurting the broader bitcoin ecosystem and questioned Strategy’s debt-based model of buying bitcoin and raising more funds. Gerber also blamed corporate investors for bitcoin’s volatility and said ETFs were a more suitable way to invest in digital assets.