Billionaire Jeremy Grantham: Bitcoin will not suddenly go to zero, but may gradually lose its market significance

According to CNBC, GMO co-founder and billionaire investor Jeremy Grantham has once again expressed skepticism about Bitcoin, calling it a "useless speculative asset" and believing it may eventually lose market relevance over time.

Grantham stated that Bitcoin will not end with a sudden zeroing out or a dramatic collapse, but is more likely to gradually fade from the market's view over the next few years or even decades. "It will slowly disappear, not with a bang, but quietly."

He believes that Bitcoin lacks intrinsic value and has not proven itself to be a reliable store of value. Grantham pointed out that even during periods of better macroeconomic performance, Bitcoin's price has still experienced significant pullbacks, making it difficult to be regarded as a stable wealth preservation asset.

In contrast, he mentioned that while gold has also undergone price adjustments, it has maintained a relatively robust long-term performance overall.

Additionally, Grantham questioned the practical application value of Bitcoin, arguing that it is not widely used for everyday payments or commercial transactions, thus lacking broad utility in the real world.