{"id":729679,"date":"2026-06-27T18:37:08","date_gmt":"2026-06-27T18:37:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/729679\/"},"modified":"2026-06-27T18:37:08","modified_gmt":"2026-06-27T18:37:08","slug":"billionaire-jeremy-grantham-dismisses-bitcoin-says-crypto-will-fade-with-a-whimper","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/729679\/","title":{"rendered":"Billionaire Jeremy Grantham Dismisses Bitcoin, Says Crypto Will Fade ‘With a Whimper’"},"content":{"rendered":"

In brief
\nBillionaire Jeremy Grantham is skeptical about crypto’s place in the financial world, calling it “useless” and a “speculative mechanism.”
\nGrantham noted Bitcoin’s recent fall despite strong economic conditions, highlighting its instability as a store of value.
\nBitcoin was recently trading more than 50% off its all-time high of $126,080.<\/p>\n

Billionaire investor Jeremy Grantham won\u2019t be adding crypto to his portfolio any time soon.<\/p>\n

Grantham, the co-founder of investment firm GMO, made his position on the asset class well known in an appearance on CNBC\u2019s \u201cSquawk Box\u201d<\/a> on Friday, where he called crypto a \u201cuseless, speculative mechanism.\u201d\u00a0<\/p>\n

\u201cYears and years, decades and decades\u2014it will dwindle away, I suspect,\u201d Grantham said of its future. \u201cNot with a bang, but with a whimper.\u201d\u00a0<\/p>\n

Grantham highlighted Bitcoin\u2019s<\/a> instability as a store of value, pointing to its recent drawdown\u2014a 52% decline from its all-time high of $126,080 set last October, despite strong economic conditions and gold notching sizable gains during the same timeframe.<\/p>\n

\ufeff<\/p>\n

The commodity and leading store of value asset rose to a new all-time high<\/a> above $5,500 per ounce earlier this year, but has since fallen more than 25% to trade at $4,096.\u00a0<\/p>\n

\u201cYou can\u2019t depend on it in that way,\u201d he said of Bitcoin. \u201cPeople don\u2019t use it to make serious trades, they don\u2019t use it to buy their dinner and pay at the supermarket.\u201d\u00a0<\/p>\n

Instead he said it \u201callows crooks to move money around without leaving a trace,\u201d adding that it\u2019s \u201cbrilliant at that.\u201d<\/p>\n

Grantham did concede that blockchain rails could play a transformative role in the future, but made clear his comments were about Bitcoin and other cryptocurrencies.\u00a0<\/p>\n

Bitcoin has fallen 17% in the last month of trading, recently trading at $60,529.<\/p>\n

Last month, billionaire investor Mark Cuban similarly criticized Bitcoin\u2019s role as a store of value<\/a>, pointing to its recent underperformance when compared to gold, saying \u201cit is not the hedge I expected it to be.\u201d Cuban added that he has sold most of his BTC as a result.<\/p>\n

Daily Debrief Newsletter<\/p>\n

Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n","protected":false},"excerpt":{"rendered":"In brief Billionaire Jeremy Grantham is skeptical about crypto’s place in the financial world, calling it “useless” and…\n","protected":false},"author":2,"featured_media":729680,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28],"class_list":["post-729679","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/729679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=729679"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/729679\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/729680"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=729679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=729679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=729679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}