{
  "type": "article",
  "title": "Bitcoin Is Destined To Fade Away Quietly Warns Billionaire Investor Jeremy Grantham",
  "summary": "Legendary investor Jeremy Grantham dismissed cryptocurrency as a useless, speculative tool that will eventually shrink into insignificance rather than collapse in a sudden crash.",
  "content": "The market value of digital assets might face a bleak future, according to legendary investor Jeremy Grantham. The billionaire co-founder of GMO made it clear that he has no plans to invest in cryptocurrency, describing the asset class as a highly speculative and ultimately pointless setup.\n\n \n\nA Quiet Demise for Digital Currency\n\nSpeaking during a television segment on CNBC’s “Squawk Box” on Friday, Grantham shared his pessimistic outlook. He expressed his belief that over the coming years and decades, the asset class will slowly shrink into insignificance. Rather than ending with a sudden dramatic collapse, he predicted it would fade out with a whimper.\n\nTo back up his claims, Grantham pointed directly to the high volatility of Bitcoin, questioning its status as a reliable store of value. He noted that the leading cryptocurrency has suffered a massive 52% drop from its peak price of $126,080, which was recorded last October. What makes this decline particularly striking is that it occurred during a period of favorable economic conditions, and while gold was making substantial gains.\n\n \n\nGold vs Bitcoin as a Safe Haven\n\nWhile Bitcoin struggled, gold surged to an unprecedented all-time high of over $5,500 per ounce earlier this year. Though it has since pulled back by more than 25% and is currently trading around $4,096, gold has still demonstrated a level of stability that Bitcoin lacks. Grantham argued that Bitcoin cannot be trusted for standard financial transactions, stating that people do not use it for major business deals, nor do they use it for everyday purchases like buying dinner or paying at a grocery store.\n\nInstead of functioning as a genuine currency, Grantham asserted that the primary utility of Bitcoin is facilitating untraceable transactions for bad actors. He remarked that it is exceptionally good at helping criminals transfer funds without leaving a paper trail.\n\n \n\nShifting Sentiment and Market Volatility\n\nThis skepticism comes at a time of broader market pressure. As Bitcoin recently traded around $60,529, representing a 17% decline over the past month, even prominent advocates have felt the heat. Saylor of Strategy admitted that the market is undergoing a tough volatility test, especially as STRC reached a fresh low amid the ongoing weakness in Bitcoin.\n\nGrantham did clarify that while he is highly critical of Bitcoin and other cryptocurrencies, he believes the underlying blockchain technology could still have a revolutionary impact in the future.\n\nHis bearish views echo those of fellow billionaire Mark Cuban, who last month criticized the digital token's performance. Cuban noted that Bitcoin has failed to act as the financial hedge he anticipated, particularly when compared to the strong performance of gold. As a direct result of this disappointing performance, Cuban revealed that he has liquidated the vast majority of his BTC holdings.\n\nWhat this means for you\nFor Crypto Investors: Severe criticism and asset liquidations by prominent billionaires could negatively impact market sentiment, leading to heightened price volatility and cautious trading.\n\nQuestions & Answers\n\n1. Why is Jeremy Grantham highly skeptical of Bitcoin?\nGrantham views Bitcoin as a useless, highly speculative mechanism that fails to preserve value, noting that people do not use it for serious business or daily shopping.\n\n2. How much has Bitcoin declined from its peak according to Grantham?\nBitcoin has declined by 52% from its historical peak of $126,080 recorded last October.\n\n3. What did Mark Cuban say about his Bitcoin investment?\nMark Cuban stated that Bitcoin failed to act as the expected hedge compared to gold, which prompted him to sell the majority of his BTC holdings.\n\n4. Does Jeremy Grantham completely reject blockchain technology?\nNo, Grantham conceded that underlying blockchain rails could play a transformative role in the future, even though he rejects Bitcoin and other cryptocurrencies.",
  "url": "https://trendkia.com/en/market/arabapati-niveshaka-jeremy-grantham-ne-bitcoin-ko-bataya-bekara-bole-dhire-dhire-khatma-ho-jaega-kripto-3363",
  "category": "Market",
  "publishedAt": "2026-06-27",
  "tags": [
    "Bitcoin",
    "Cryptocurrency",
    "Jeremy Grantham",
    "Mark Cuban",
    "Market Crash",
    "Gold Investment"
  ],
  "language": "en",
  "site": "TrendKia"
}