Investment adviser Ross Gerber renewed criticism of Bitcoin's practical utility, stating that physical gold remains easier to use in most places worldwide. Despite previously supporting Bitcoin and offering exposure to clients, Gerber expressed skepticism about the crypto industry's lasting value and questioned what stable, useful products have been built. His comments come amid ongoing Bitcoin sales by Strategy, which recently sold large amounts of Bitcoin to fund preferred stock repurchases. Additionally, some Bitcoin miners are shifting infrastructure toward AI workloads, reflecting broader changes in the industry. Gerber's remarks contribute to the debate over Bitcoin's role as a payment system, store of value, or investment asset.
