Billionaire investor Jeremy Grantham, co-founder of asset manager GMO, told CNBC that Bitcoin will eventually 'dwindle away with a whimper' rather than experience a dramatic collapse. He described the cryptocurrency as a 'useless and speculative' asset lacking intrinsic value and real-world utility. Data shows Bitcoin has dropped at least 70% from its peak in every cycle, and is currently down about 52% from its October 2025 high.
Grantham: Bitcoin Will 'Dwindle Away,' Each Cycle Sees Minimum 70% Drop
Jeremy Grantham, co-founder of asset management firm GMO, delivered a bearish outlook on Bitcoin in a CNBC interview. He predicted that Bitcoin will eventually 'dwindle away with a whimper' rather than a dramatic crash. 'It will gradually fade, not collapse with a bang, but disappear silently,' Grantham said. He characterized Bitcoin as a 'useless and speculative' asset with no intrinsic value and no practical use — people do not use it for everyday payments. He added that Bitcoin has fallen at least 70% from its highs in every cycle. The current price is down approximately 52% from its October 2025 all-time high.
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