Jeremy Grantham, co-founder of GMO, criticizes crypto as 'useless' and 'speculative', highlighting Bitcoin's instability despite strong economic conditions.
Billionaire investor Jeremy Grantham has sharply criticized Bitcoin, calling it a "useless, speculative asset" that will "fade away" over decades. He cited its lack of real-world utility and its use for money laundering, noting its significant price drop this year.
Veteran investor Jeremy Grantham warns that the artificial intelligence boom has driven the U.S. stock market to its most expensive level ever, based on market value compared to GDP, potentially leading to a historic decline. He cites the "Buffett indicator" and compares the situation to the 2000 tech bubble.
Investment firm co-founder Jeremy Grantham reiterated his long-standing criticism of Bitcoin, calling it a "useless, speculative" asset without intrinsic value. He predicted Bitcoin would gradually fade into irrelevance over decades, citing its volatility and lack of practical utility.
