Investment advisor Ross Gerber has questioned Bitcoin’s real-world utility, arguing that gold remains easier to use in many places despite years of promises about cryptocurrency’s potential as a global payment and monetary system.
Gerber made the comments on X while responding to a discussion about Bitcoin’s use cases. He questioned what the crypto industry has actually built that provides meaningful value, pointing to stablecoins as an example while arguing that a monetary system has limited usefulness if it cannot be readily used in everyday transactions.
“Probably easier to use gold than bitcoin in most places still,” Gerber wrote, adding to his increasingly skeptical stance toward the largest cryptocurrency.
The investor has also raised concerns about the direction of the Bitcoin mining industry. He noted that several major Bitcoin miners are increasingly turning toward artificial intelligence infrastructure and selling computing capacity for AI workloads rather than focusing exclusively on cryptocurrency mining.
