Bitcoin harder to use than gold, Ross Gerber says

Bitcoin is facing renewed criticism from investment adviser Ross Gerber, who questioned the cryptocurrency’s practical utility on Aug. 16 and argued that physical gold remains easier to use in many places. Summary Bitcoin drew fresh criticism from Ross Gerber, who said gold remains easier to use globally. Gerber questioned Bitcoin’s practical utility despite previously supporting the cryptocurrency and offering exposure to clients. Strategy’s first 2026 Bitcoin sale occurred in late May, not April, SEC filings confirm officially. Strategy later sold 1,638 Bitcoin worth $104.7 million during the week ending August 2, 2026. Bitcoin traded near $63,528 Monday as Gerber renewed criticism of its utility against physical gold. Gerber wrote in an X post that it was “probably easier to use gold than bitcoin in most places still.” He also questioned what lasting products the crypto industry had built despite years of claims about Bitcoin’s monetary use cases. The comments represent Gerber’s opinion and do not establish that gold is objectively more useful than Bitcoin. Bitcoin criticism marks a shift for Gerber Gerber’s stance is notable because his firm has previously embraced digital asse...