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Billionaire Jeremy Grantham Dismisses Bitcoin, Says Crypto Will Fade 'With a Whimper'
Key takeaways
- Grantham, the co-founder of investment firm GMO, made his position on the asset class well known in an appearance on CNBC's "Squawk Box" on Friday, where he called crypto a "useless, speculative mechanism."
- "Years and years, decades and decades—it will dwindle away, I suspect," Grantham said of its future.
- The commodity and leading store of value asset rose to a new all-time high above $5,500 per ounce earlier this year, but has since fallen more than 25% to trade at $4,096.
Billionaire Jeremy Grantham Dismisses Bitcoin, Says Crypto Will Fade 'With a Whimper' Logan Hitchcock Sat, June 27, 2026 at 9:34 PM GMT+7 2 min read BTC-USD GC=F Billionaire investor Jeremy Grantham won't be adding crypto to his portfolio any time soon.
Grantham, the co-founder of investment firm GMO, made his position on the asset class well known in an appearance on CNBC's "Squawk Box" on Friday, where he called crypto a "useless, speculative mechanism."
"Years and years, decades and decades—it will dwindle away, I suspect," Grantham said of its future. "Not with a bang, but with a whimper."
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