In Bitcoin news today, Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, argued this week that gold remains easier to use for everyday transactions than Bitcoin, reviving a long-running debate over the asset’s real-world utility. The comments arrived alongside a sharper attack on Michael Saylor’s Strategy Inc. (NASDAQ: MSTR), which Gerber warned could “nuke” Bitcoin if its leveraged accumulation model unwinds, according to a note shared with Benzinga . Gerber’s utility argument centers on a simple observation: gold can be exchanged in far more physical settings worldwide than Bitcoin, even after years of industry claims about the cryptocurrency’s payment potential. Saylor kinda makes me over Bitcoin. Hard to take it seriously anymore. — Ross Gerber (@GerberKawasaki) August 14, 2026 Trader Scott Melker pushed back on that framing, arguing that crypto-linked Visa and Mastercard cards already allow holders to spend Bitcoin at nearly any point of sale that accepts plastic. That distinction matters for anyone tracking Bitcoin payments adoption, since card-rail spending routes through a custodian converting BTC to fiat at the point of sale rather than merchants accepting Bitcoin directly on-chain. Bitcoin News: Saylor’s Leverage Model Draws Fire SOURCE: Yahoo Finance Gerber’s more pointed criticism targets Strategy’s approach of selling equity to fund Bitcoin purchases. He questioned why an investor would accept diluted exposure at a premium to the underlying asset, a dynamic visible in Strategy’s stock, which trades at roughly 1.61x its Bitcoin holdings. “The fact they can sell stock at some inflated valuation to then buy Bitcoin is crazy bad math for the investor. Why would you buy $100 of Bitcoin for $200?” Gerber said Bitcoin’s periodic hard corrections could force Strategy into selling if its debt-funded structure comes under pressure, calling that scenario the mechanism that could “nuke” the cryptocurrency. Strategy has countered that its shift toward perpetual preferred stock, which carries no maturity date, insulates the company from forced liquidations even in an 80% drawdown. The company held 629,376 BTC worth more than $72Bn as of its latest disclosure, after adding 430 BTC for roughly $51.4M, yet its stock has lagged Bitcoin’s own price performance over the same stretch. Discover: Everyone’s Got a Take. Get Free $25 to Actually Trade Yours Bitcoin Miners Betting Big on AI Former Bitcoin miner @RiotPlatforms just locked a ~$9B, 20-year lease with @AnthropicAI for 191 MW of AI capacity in Texas. More and more miners are following the profits towards AI infra; meanwhile, mining hashrate is down 21% from 2025 highs… pic.twitter.com/Fyr0iQxcLa — 𝕄 𝕁 (@skizdidlyidler) August 16, 2026 In other Bitcoin news, Gerber also questioned whether Bitcoin’s network foundation is weakening as major miners redirect infrastructure toward artificial intelligence and high-performance computing. That trend is documented rather than speculative: several listed miners have already converted mining capacity into AI hosting contracts, a shift detailed in coverage of Riot Platforms’ recent AI leasing arrangement . Core Scientific, for example, has been converting a 300-megawatt Texas facility, once used for Bitcoin mining, into an AI data center campus, with colocation revenue now outpacing its digital-asset self-mining revenue. CoinShares projections cited in coverage of the trend suggest mining revenue could fall from roughly 85% of total revenue in early 2025 to under 20% by the end of 2026 for miners with significant AI contracts, according to crypto.news . That reallocation of capital doesn’t signal the disappearance of Bitcoin mining, but it does mean the economics increasingly favor AI hosting over pure hash-rate production, a tension that supports part of Gerber’s broader skepticism without proving his claim that Bitcoin mining AI conversions have permanently capped the network’s upside. Trade Bitcoin on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop The post Gerber Warns Strategy’s Bitcoin Leverage Could Trigger a Selloff appeared first on Cryptonews .
