Ross Gerber is asking questions about Bitcoin that most holders would rather not answer right now, and doing it while making clear he isn't heading for the exit himself.
The Gerber Kawasaki CEO and wealth manager posted on X questioning Bitcoin's practical utility in a world where its use cases remain largely theoretical for most people.
The post drew attention not just for the critique but for the pointed comparison he drew at the end.
Gerber's central argument is about usability. Despite years of promises from Bitcoin advocates about payments, financial inclusion, and a new monetary system, he said gold remains more practically accessible for most people in most places.
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"Probably easier to use gold than bitcoin in most places still despite the endless promises of its use cases," Gerber wrote in the post.
"What have these people built of value, stable coins? Really? So what's the point of having a monetary system that can't really be used," he wrote, dismissing the most cited example of crypto's real-world utility as insufficient justification for the broader monetary vision Bitcoin's supporters have been selling.
His question is a version of one that critics have raised for years: if Bitcoin is meant to be a usable monetary system, why is it still so difficult to use as one?
The sharpest line in Gerber's post wasn't about gold. It was the closing shot at Michael Saylor. "I'm just asking some questions aloud, nor have I sold any Bitcoin, unlike Saylor," he wrote.
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The comparison is deliberate. Saylor, an American billionaire entrepreneur and executive chairman of Strategy Inc. (formerly MicroStrategy), has positioned himself as Bitcoin's most committed institutional advocate while Strategy has sold Bitcoin multiple times this year to fund dividend payments on its preferred securities.
Gerber, who holds Bitcoin but has been publicly skeptical of aspects of the asset's narrative, is drawing a contrast between his own inaction and Saylor's, suggesting the loudest voice in the room isn't necessarily the most committed holder.
Gerber's post arrives as gold breaks out and Bitcoin breaks down simultaneously, exactly the dynamic Peter Schiff flagged this week in his rotation argument.
Gold up sharply, Bitcoin struggling, and now a Bitcoin holder publicly questioning the asset's utility without selling it's the kind of moment that generates more heat than usual because the market backdrop makes the critique harder to dismiss.
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This story was originally published by TheStreet on Aug 17, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.