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Grantham Predicts Bitcoin Fades, Calls It Useless Asset

6/27/2026

24 5 Full Breakdown

Summary

Grantham Predicts Decline

Jeremy Grantham, co-founder of GMO, told CNBC’s Squawk Box that Bitcoin will fade away with a whimper over decades.
He called Bitcoin a useless, speculative asset lacking intrinsic value that fails as a medium of exchange, store of wealth, and conduit for illicit transfers.
Bitcoin trades below $60,000, about 52 % below its October peak, a contrast to bullish investors citing institutional adoption as a long-term driver.

Summary

Institutions Embrace Bitcoin

Spot Bitcoin ETFs have drawn billions, marking an institutional milestone as Bitcoin nears $60,000.
MicroStrategy adds Bitcoin to its balance sheet while BlackRock and Fidelity launch crypto products for institutions.
GMO co-founder Jeremy Grantham stays skeptical, likening Wall Street’s embrace to MySpace’s gradual fade rather than a crash.
JPMorgan analysts model a “fair value” for Bitcoin as digital gold, showing a split among major banks.

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Grantham Predicts Decline

Jeremy Grantham, co-founder of GMO, told CNBC’s Squawk Box that Bitcoin will fade away with a whimper over decades.
He called Bitcoin a useless, speculative asset lacking intrinsic value that fails as a medium of exchange, store of wealth, and conduit for illicit transfers.
Bitcoin trades below $60,000, about 52 % below its October peak, a contrast to bullish investors citing institutional adoption as a long-term driver.

1 / 2