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Billionaire investor Jeremy Grantham says bitcoin will 'dwindle away with a whimper'

Legendary investor Jeremy Grantham dismisses bitcoin as a 'useless' asset doomed to fade—sparking fresh debate on crypto’s future

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The brief

Billionaire investor Jeremy Grantham has publicly stated that bitcoin will gradually lose value and relevance over time, describing its decline as a 'whimper.' His comments emphasize the cryptocurrency’s lack of practical utility, framing it as a speculative asset with no long-term economic function. Grantham’s remarks follow recent price volatility, with coverage noting bitcoin’s drop below $60,000 as a potential indicator of broader market shifts. The statement has dominated financial news cycles, with outlets like *CNBC*, *Bloomberg*, *Mint*, *Seeking Alpha*, and *TipRanks* highlighting Grantham’s skepticism as a counterpoint to bullish crypto narratives.

His firm, GMO, has long been critical of digital assets, positioning this latest comment as part of a sustained critique. Analysts are parsing the timing of his remarks against bitcoin’s recent price action and regulatory developments. Watch for reactions from crypto advocates, institutional investors, and regulators.

Grantham’s influence could amplify bearish sentiment, while proponents may double down on adoption arguments. Coverage may also track whether his prediction aligns with broader market trends or remains an outlier view.

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Quick answers

What does Grantham mean by 'dwindle with a whimper'?

He suggests bitcoin’s decline will be slow and unremarkable, lacking the dramatic collapse ('bang') of a sudden crash. The phrase implies a prolonged, quiet erosion of value and relevance.

Has bitcoin’s price already dropped below $60,000?

Yes, according to *Mint* and other coverage, bitcoin’s price has fallen below $60,000, which Grantham’s comments reference as part of its broader fade.

Which organizations or figures are likely to respond to Grantham’s remarks?

Crypto proponents, including exchanges, institutional investors like MicroStrategy or BlackRock, and regulators such as the SEC or EU financial bodies may weigh in. Figures like Cathie Wood (ARK Invest) or Vitalik Buterin (Ethereum) could also counter his views.

Coverage (8)

Topics

Bitcoin Cryptocurrency Jeremy Grantham GMO Financial Markets Investor Sentiment

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