Top Investor Says It's Easier to Use Gold Than Bitcoin

Ross Gerber criticized Bitcoin’s real-world utility, arguing that gold is still easier to use in many places and questioning whether the crypto industry has built meaningful everyday payment infrastructure. The piece also highlights his concern that Bitcoin mining is losing relevance as major miners shift computing capacity toward AI workloads and data-center infrastructure. His comments add to an increasingly bearish narrative around Bitcoin’s long-term utility, even as BTC remains a major market asset. The article is more about sentiment and adoption skepticism than immediate price action, but it reinforces negative pressure on Bitcoin’s investment case versus traditional stores of value like gold.