Billionaire investor Jeremy Grantham says bitcoin will 'dwindle away with a whimper'
Billionaire investor Jeremy Grantham predicts Bitcoin will fade into irrelevance due to a lack of practical utility.
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The brief
Jeremy Grantham, a billionaire investor at GMO, has stated that Bitcoin will "dwindle away with a whimper" and quietly disappear over years and decades. He characterizes cryptocurrency as a "useless, speculative mechanism" with no practical use.
Coverage from CNBC, Mint, Seeking Alpha, TipRanks, and bloomingbit emphasizes Grantham's view that the asset will fade into irrelevance. Reports from Mint specifically note these comments coincide with Bitcoin slipping below $60,000.
Future focus remains on whether Bitcoin continues its descent below the $60,000 mark and the long-term trajectory of its perceived utility.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 3h ago.
Quick answers
What is Jeremy Grantham's view on Bitcoin's utility?
He describes it as having no practical use and labels it a "useless, speculative mechanism."
How does Grantham predict Bitcoin will decline?
He believes it will "dwindle away with a whimper" and quietly disappear over years and decades.
What price point was mentioned in relation to these comments?
According to Mint, Bitcoin has slipped below $60,000.
Coverage (5)
- Jeremy Grantham Says Bitcoin Will Quietly Disappear Over Years and Decades bloomingbit · 8h ago
- 'Bitcoin has no practical use': Jeremy Grantham says the crypto will 'fade into irrelevance' as it slips below $60,000 Mint · 8h ago
- Bitcoin Will Dwindle “With a Whimper,” Warns Billionaire Investor TipRanks · 8h ago
- Crypto is ‘a useless, speculative mechanism,’ says GMO’s Jeremy Grantham (BTC-USD:Cryptocurrency) Seeking Alpha · 8h ago
- Billionaire investor Jeremy Grantham says bitcoin will 'dwindle away with a whimper' CNBC · 8h ago
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