GMO

2026-07-05 18:05:12

Mitsui & Co.'s Crypto Arm Brings Tokenized Metals Asset Zipangcoin to OP Mainnet

Mitsui & Co. Digital Commodities (MDC) deploys Zipangcoin (ZPG), a tokenized gold, silver, and platinum asset, on OP Mainnet. The asset, issued under Japan's regulatory framework since 2022, will be listed on GMO Coin on April 20. This move signals growing institutional adoption of tokenized real-world assets.

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Mitsui & Co.'s Crypto Arm Brings Tokenized Metals Asset Zipangcoin to OP Mainnet
Jeremy Granth
2026-06-27 19:11:06

Billionaire Jeremy Grantham Renews Bitcoin Criticism: Calls It 'Useless Speculation' That Will Gradually Die

Billionaire investor and GMO co-founder Jeremy Grantham has once again lambasted Bitcoin, calling it a 'useless speculation' asset with no intrinsic value and predicting it will become irrelevant over the next several years to decades, rather than collapsing suddenly. In a CNBC interview, Grantham argued that Bitcoin fails as a store of value, noting its 52% decline from October highs despite a strong economy, while gold has held up better. He also claimed Bitcoin is mainly used for criminal money transfers and has no real-world utility. Bitcoin historically experiences bear market declines of at least 70% from cycle peaks; currently trading around $60,000, many expect continued weakness.

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Billionaire Jeremy Grantham Renews Bitcoin Criticism: Calls It 'Useless Speculation' That Will Gradually Die
2026-06-27 19:11:06

Billionaire Jeremy Grantham Says Bitcoin Will Fade Away Quietly, Not Crash to Zero

Billionaire investor and GMO co-founder Jeremy Grantham renews his criticism of Bitcoin, calling it a 'useless speculation' with no intrinsic value. He predicts Bitcoin will not collapse suddenly but will gradually become irrelevant over years or decades. Grantham points out that Bitcoin has failed to serve as a stable store of value, citing its 52% decline from the October 2025 peak while gold has held up relatively well. He also claims Bitcoin's only real use is for criminal fund transfers. The remarks come amid already weak crypto market sentiment, with historical patterns showing Bitcoin typically falls at least 70% during bear cycles.

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Billionaire Jeremy Grantham Says Bitcoin Will Fade Away Quietly, Not Crash to Zero
Bitcoin
2026-06-27 19:11:06

Billionaire Jeremy Grantham: Bitcoin Won't 'Go to Zero' But Will Fade Into Obscurity

Billionaire investor and GMO co-founder Jeremy Grantham has renewed his criticism of Bitcoin, calling it a 'useless speculative' asset with no intrinsic value. He predicts Bitcoin will gradually become irrelevant over the next several years or even decades, describing its decline as a 'quiet death' rather than a sudden crash. Grantham argues Bitcoin fails as a store of value, citing its 52% pullback from October 2026 highs even amid a strong economy, while gold has held up relatively well. He also dismissed Bitcoin's real-world utility, claiming it is only used for illegal fund transfers. Currently trading around $60,000, Bitcoin has historically suffered at least 70% drawdowns in each bear cycle, and many investors expect the current weakness to persist for months.

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Billionaire Jeremy Grantham: Bitcoin Won't 'Go to Zero' But Will Fade Into Obscurity