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 monetary system. The investor also noted that several major Bitcoin miners are increasingly turning toward artificial intelligence infrastructure, raising questions about Bitcoin’s long-term future. Gerber criticized Michael Saylor, whose company Strategy sold 32 BTC for approximately $2.5 million in April, marking its first Bitcoin disposal since late 2022. The investor, who previously bought Bitcoin at around $400, is now questioning whether Bitcoin’s underlying economic utility justifies its status as a major financial asset.
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