Ross Gerber Says Trump's $1 Billion Crypto Windfall Is Why 'Bitcoin Went Down and Isn't Going Anywhere'

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Famend investor Ross Gerber on Wednesday attributed Bitcoin’s ongoing stoop to President Donald Trump’s income from cryptocurrency companies

Gerber Feedback On ‘Grift’

Gerber reacted to Trump’s disclosure that he earned over $1 billion in his first yr as president by cryptocurrency ventures, which embrace World Liberty Monetary and the Official Trump memecoin.

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The CEO of Gerber Kawasaki Wealth and Funding Administration stated that the “grift is actual,” and the primary cause why “Bitcoin went down and is not going wherever.”

That is why Bitcoin went down and is not going wherever…. the grift is actual. https://t.co/kYGL5FwGQa

— Ross Gerber (@GerberKawasaki) July 1, 2026

‘The Most Corrupt President’

Minnesota Governor Tim Walz, one of many loudest critics of Trump’s enterprise actions and his household offers, referred to as him the “most corrupt president in American historical past.”

Probably the most corrupt president in American historical past. https://t.co/QYSoL5tTCm

— Tim Walz (@Tim_Walz) July 1, 2026

The Huge Uproar Over Trump’s Crypto Positive factors

Trump’s disclosures have created a stir, sparking allegations of conflicts of curiosity and misuse of his place.

The windfall included over $635 million in royalties collected from the TRUMP memecoin. In the meantime, individuals who purchased it have misplaced 97% of their cash from the very best value.

A White Home spokesperson instructed Benzinga that each one actions by the Trump administration are taken within the “finest curiosity of the American individuals,” whereas rejecting any ideas of “battle of curiosity.”

Sen. Elizabeth Warren (D-Mass.) pushed for stronger cryptocurrency laws to forestall Trump and his household from profiting off cryptocurrency.

When requested to touch upon his cryptocurrency riches, Trump stated that the investments are dealt with by establishments with which he has no direct communication. He added that he has “quite a bit” of cash, which he offers to establishments that then decide how it’s allotted.

Picture courtesy: Shutterstock

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BluSky AI

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ARK7

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Miso Robotics

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Vinovest

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Mode Cell

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