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Billionaire investor Jeremy Grantham says bitcoin will 'dwindle away with a whimper'

Billionaire investor Jeremy Grantham predicts Bitcoin will fade into irrelevance and 'dwindle away with a whimper.'

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11articles
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20d agofirst detected

🌍 Cross-language spread

Archynetys detected this story across 2 language editions of the world's news.

🇬🇧 English Jun 26, 19:00 UTC
🇮🇹 Italian Jun 27, 17:44 UTC · Yahoo Finanza

Detected by matching proper nouns and figures that survive translation. Times reflect when each edition's coverage was first indexed.

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The brief

Jeremy Grantham, a billionaire investor and representative of GMO, has dismissed Bitcoin as a 'useless, speculative mechanism.' Grantham claims the cryptocurrency has no practical use and expects it to quietly disappear over the coming years and decades. Coverage from CNBC, Decrypt, Bitcoin Magazine, and Mint emphasizes Grantham's view that the asset will fade into irrelevance, with Mint noting these comments coincide with Bitcoin slipping below $60,000.

Forbes has also addressed the prediction, suggesting the forecast has one significant problem. Future attention will likely focus on the validity of Grantham's claims as the asset interacts with the $60,000 price level and whether further critiques of the mechanism's practical utility emerge.

Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 19d ago.

Quick answers

What is Jeremy Grantham's primary criticism of Bitcoin?

He describes it as a 'useless, speculative mechanism' that has no practical use.

How does Grantham believe Bitcoin will disappear?

He predicts it will 'dwindle away with a whimper' and quietly disappear over years and decades.

What price point was mentioned in relation to these comments?

Mint reports that the comments were made as Bitcoin slipped below $60,000.

Coverage (11)

Topics

Jeremy Grantham Bitcoin GMO Cryptocurrency

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