Bitcoin2026-07-23 18:50:15GMO Co-founder Warns Bitcoin Could Fade; Stockton Flags $59K Support as CriticalJeremy Grantham of GMO warns Bitcoin may slowly fade over years, lacking intrinsic value. Technician Katie Stockton sees $59K as key support; a break could send BTC to the low $40K range.680
Jeremy Granth2026-06-27 19:11:06Billionaire Jeremy Grantham Renews Bitcoin Criticism: Calls It 'Useless Speculation' That Will Gradually DieBillionaire 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.1600
Bitcoin2026-06-27 11:45:35GMO Co-Founder Jeremy Grantham: Bitcoin Is 'Useless and Speculative,' Will 'Dwindle Away'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.1650
Bitcoin2026-06-27 11:45:35GMO Co-Founder Grantham Says Bitcoin Will 'Dwindle Away' Without a Bang: Each Cycle Falls at Least 70%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.1540
Bitcoin2026-06-27 11:45:35GMO Co-Founder Calls Bitcoin 'Useless and Speculative,' Predicts Gradual Demise资产管理公司 GMO 联合创始人 Jeremy Grantham 在 CNBC 采访中表示，比特币缺乏内在价值且无实际用途，最终将「悄无声息地逐渐消亡」而非突然崩盘。他提及其他比特币每个周期都曾从高点下跌至少 70%，当前已较去年 10 月高点下跌约 52%。1520
