Renowned investor Ross Gerber on Wednesday attributed Bitcoin’s (CRYPTO: BTC) ongoing slump to President Donald Trump’s profits from cryptocurrency businesses

Gerber Comments On ‘Grift’

Gerber reacted to Trump’s disclosure that he earned over $1 billion in his first year as president through cryptocurrency ventures, which include World Liberty Financial and the Official Trump (CRYPTO: TRUMP) memecoin.

The CEO of Gerber Kawasaki Wealth and Investment Management said that the “grift is real,” and the main reason why “Bitcoin went down and isn’t going anywhere.”

This is why Bitcoin went down and isn’t going anywhere…. the grift is real. https://t.co/kYGL5FwGQa

— Ross Gerber…