Jeremy Grantham, co-founder of asset manager GMO, told CNBC that Bitcoin is a 'useless and speculative' asset with no intrinsic value or real-world utility, and it will eventually 'dwindle away with a whimper' rather than a dramatic crash. He noted that Bitcoin has fallen at least 70% from its highs in every cycle, and is currently down about 52% from its October 2025 peak, supporting his bearish view.
GMO Co-Founder: Bitcoin Lacks Value, Will Fade Quietly
In a recent interview with CNBC, Jeremy Grantham, co-founder of asset management giant GMO, delivered a scathing verdict on Bitcoin, calling it a 'useless and speculative' asset that has neither intrinsic value nor practical utility—pointing out that people do not use it for everyday payments. Grantham predicted that Bitcoin will ultimately not end with a dramatic crash but will 'dwindle away with a whimper,' disappearing slowly and quietly.
He added that Bitcoin has dropped at least 70% from its peak in every market cycle, and the current price is roughly 52% below the October 2025 high, once again highlighting its extreme volatility and bubble-like nature. According to Grantham, the asset lacks the economic foundation to survive long-term and will eventually be abandoned by the market.
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