Billionaire Jeremy Grantham Says Bitcoin Will 'Dwindle Away With a Whimper' — Here's Why He's Been Wrong Before
(98 days ago) · 1 source · Summarized by CryptoBipto
Legendary investor and GMO co-founder Jeremy Grantham has publicly predicted that Bitcoin will slowly fade into irrelevance rather than crash dramatically. Grantham, known for calling major market bubbles, compared Bitcoin to past speculative manias and dismissed it as lacking intrinsic value.
WHY IT MATTERS
When a famous billionaire investor says Bitcoin is going to fail, it can sound scary — especially if you're new to crypto. Think of it like a legendary car expert saying electric vehicles are a fad. They might have great credentials, but they could also be applying old rules to a new game. Jeremy Grantham is famous for spotting financial bubbles (when prices get way too high and then crash), but Bitcoin has been called a 'bubble' many times over the past 15+ years and keeps coming back stronger. That doesn't mean he's definitely wrong this time, but it's important to look at the bigger picture — like the fact that major Wall Street firms now offer Bitcoin products — rather than relying on any single person's prediction.
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