Billionaire Jeremy Grantham: Bitcoin will not suddenly go to zero, but may gradually lose market significance.

TechFlow message: On June 27, according to CNBC, Jeremy Grantham—GMO co-founder and billionaire investor—once again expressed doubts about Bitcoin, saying it is a “useless speculative asset,” and that it may ultimately gradually lose market relevance.

Grantham said Bitcoin will not end in a sudden zero or a dramatic crash; instead, it is more likely to fade from view over the coming years or even decades. “It will slowly die—not collapse with a bang, but disappear quietly.”

He believes Bitcoin lacks intrinsic value and has also failed to prove itself as a reliable store of value. Grantham noted that even during periods when macroeconomic performance was strong, Bitcoin’s price still saw significant pullbacks, making it difficult to regard as a stable wealth-preservation asset.

By contrast, he mentioned that while gold has also experienced price adjustments, it has overall continued to deliver a more resilient long-term performance.

In addition, Grantham questioned Bitcoin’s real-world utility, saying it is not widely used for everyday payments or commercial trading scenarios, and therefore lacks broad practical usefulness in the real world.