GMO Co-Founder Grantham Predicts Bitcoin Will Crash to Zero, Down 45% in Year

BTC-3.69%
According to TheStreet, GMO co-founder and chief investment strategist Jeremy Grantham predicted on June 26 during a CNBC interview that Bitcoin is a "useless, speculative asset" that will crash to zero over decades. Grantham, known for correctly calling the dot-com and 2008 housing bubbles, compared Bitcoin's 45% annual decline unfavorably to gold's 20% gain over the same period, arguing that crypto lacks long-term stability and practical use cases.
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