According to CoinMeta, investment advisor Ross Gerber raised new criticisms of Bitcoin on August 16, questioning its practical utility and arguing that in many cases, physical gold is still more convenient to use. He stated on social media, "In most places, using gold might be easier than using Bitcoin." Gerber also questioned what enduring products the crypto industry has actually created, despite claiming for years that Bitcoin has use cases as a currency. His comments represent his personal views and do not imply that gold is objectively more useful than Bitcoin. Gerber's stance is noteworthy, as his company has previously embraced digital assets. Gerber Kawasaki collaborated with Gemini in April 2021 to provide customers with exposure to digital assets. Gerber has recently become increasingly skeptical about Bitcoin and said that Michael Saylor's strategy has made him tired of it. Although Gerber accused Saylor's leveraged Bitcoin strategy of harming the market, he did not provide data to prove that this strategy alone caused the decline in Bitcoin prices.