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Jeremy Grantham Predicts a Crash for BTC.
Veteran investor Jeremy Grantham, well known for his predictions regarding the 2000 dot-com crash and the 2008 housing market crash, declared that Bitcoin (BTC) will "definitely go to zero," confirming his long-standing skepticism of cryptocurrencies.
Appearing on Stephen Bartlett's "Diary of a CEO" on Thursday, Grantham called BTC "unnecessary nonsense" that "serves no purpose other than allowing criminals to move money around without being seen," and stated that he does not own any Bitcoin, never has, and has no intention of acquiring any.
The billionaire added that his comments reflect his personal views and not those of GMO Asset Management, the Boston-based firm he co-founded that manages $80 billion in assets.
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