Jeremy Grantham Says Bitcoin May Gradually Lose Market Relevance Over Time

GMO co-founder and billionaire investor Jeremy Grantham reiterated skepticism about Bitcoin, calling it a “useless speculative asset” and arguing it could gradually fade from market relevance over years or even decades. According to ChainCatcher, CNBC reported that Grantham said Bitcoin is unlikely to end with a sudden collapse to zero, but instead may “die slowly,” disappearing without a dramatic crash. Grantham said Bitcoin lacks intrinsic value and has not proven itself as a reliable store of value. He pointed to instances where Bitcoin experienced sharp drawdowns even during periods of strong macroeconomic performance, which he argued undermines its case as a stable wealth-preservation asset. In contrast, Grantham said gold has also seen price corrections but has generally maintained steadier long-term performance. He also questioned Bitcoin’s real-world utility, saying it is not widely used for everyday payments or commercial transactions and therefore lacks broad practical usefulness.