[Jeremy Grantham: Bitcoin Lacks Intrinsic Value and Will Gradually Lose Market Relevance]
According to CNBC, GMO co-founder and billionaire investor Jeremy Grantham described Bitcoin as a useless speculative asset, stating that Bitcoin will not suddenly drop to zero but will gradually fade out of the market over the coming years or even decades. Jeremy Grantham remarked that Bitcoin lacks intrinsic value, has failed to prove itself as a reliable store of value, and has experienced significant pullbacks even during periods of strong macroeconomic performance. In contrast, gold has maintained a stable long-term performance overall. Additionally, Jeremy Grantham questioned Bitcoin's practical application value for everyday payments or commercial transactions.