According to external sources, the investment adviser, Ross Graber, has recently again questioned the real use of the coin. He indicated that while the encryption industry had emphasized the prospects for a global payment and monetary system for many years, the availability of bitcoin remained limited in the daily trading landscape and was even more accessible to gold in many places.

Stable currency is considered a minority landing.

The above statement was made in response to a discussion on the Bitcoin application on platform X. He asked what products the encryption industry had created over the years that really had a clear value. In his formulation, the stable currency was a few examples that could be cited, but if a monetary system was difficult to use directly for daily payments, its practical effects would be limited.

He thus focused his criticism on bitcoin, arguing that there was still a clear distance between the long narratives built around bitcoin and the real-life experience of its use by ordinary users.

The mine turned to AI, and the math was worrying.

Gerber also turned his eyes towards bitcoin mining. He mentioned that some large mining companies were increasingly setting up AI infrastructure and selling their algorithms to take over AI workloads, rather than expanding only around encrypted mining.

In his view, the utility of GPU in the area of artificial intelligence was becoming more prominent, which meant that part of the computing resources that had been associated with encrypted mining was going to the AI industry. According to this judgement, some of the industrial narratives on which Bitcoin had relied in the past were weakening.

  • Garber thinks that AI needs more of a high-performance calculator.
  • Some mining companies have extended their business focus to AI infrastructure
  • This change weakens the old logic of "calculating only bitcoin"

He criticized Strategy for selling bitcoin.

This was not the first time that Gber had publicly expressed a reservation to the BIT. It was reported that he had previously criticized the sale of bitcoin by Michael Seller and Strategy, which would weaken investor confidence.

It is recalled that Strategy sold 32 bitcoin in April of this year, which was approximately $2.5 million at current prices. This was the first time that the company had disposed of bitcoin since the end of 2022, and as a result raised market concerns.

Gber had disclosed that he had bought about $400 in bitcoin, and had mentioned that his early investments in Tesla and Inweida had yielded considerable returns. According to external sources, his current core judgement is not just about price volatility, but rather about focusing on a more direct issue: If bitcoin is still not convenient in real terms, and the related calculator resources continue to flow to AI, then its long-term investment narrative will face more challenges.