TechFlow News, June 27: According to CNBC, Jeremy Grantham, co-founder of GMO and billionaire investor, has once again expressed skepticism toward Bitcoin, calling it a “useless speculative asset” and suggesting it may gradually lose market relevance.
Grantham stated that Bitcoin will not end abruptly—by collapsing to zero or crashing violently—but rather fade from market view gradually over the coming years or even decades. “It will die slowly—not with a bang, but with a whimper.”
He argued that Bitcoin lacks intrinsic value and has yet to prove itself as a reliable store of value. Grantham pointed out that Bitcoin’s price has experienced sharp corrections even during periods of relatively strong macroeconomic performance, making it difficult to regard it as a stable wealth-preserving asset.
By contrast, he noted that while gold also undergoes price adjustments, its overall long-term performance remains comparatively robust.
Moreover, Grantham questioned Bitcoin’s practical utility, observing that it is not widely used for everyday payments or commercial transactions, and therefore lacks broad real-world applicability.
