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Billionaire investor Jeremy Grantham says bitcoin will 'dwindle away with a whimper'
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- Jeremy Grantham renewed his long-running criticism of bitcoin, predicting it will gradually fade into irrelevance over decades.
- He also said bitcoin hasn't outperformed during a bull market and questioned its practical use.
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Jeremy Grantham renewed his long-running criticism of bitcoin, predicting it will gradually fade into irrelevance over decades.
The co-founder of investment firm GMO and a longtime market commentator known for his calls on asset bubbles, said bitcoin is a "useless, speculative" asset without intrinsic value, speaking on CNBC's "Squawk Box" Friday. He also said bitcoin hasn't outperformed during a bull market and questioned its practical use.
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