Grantham Says Crypto Will Fade Quietly

Jeremy Grantham, a well‑known billionaire investor, has openly criticized cryptocurrencies, calling them “useless” and a risky play. He appeared on CNBC’s “Squawk Box” to explain why he believes crypto will slowly disappear, not with a dramatic collapse but with a quiet decline. Grantham pointed out that Bitcoin’s price has dropped more than half from its peak of $126, 080 last October. Even when the economy was strong and gold prices were rising, Bitcoin’s value fell sharply, showing its volatility as a store of money. He noted that gold reached a new high above $5, 500 per ounce earlier this year but has since fallen over 25 % to around $4, 096.

According to Grantham, Bitcoin cannot be relied upon for everyday transactions or serious trades; people do not use it to buy groceries or pay at the supermarket. He also warned that crypto can enable criminals to move money anonymously, describing it as “brilliant” for that purpose. While he acknowledges that blockchain technology might have useful applications in the future, his criticism targets Bitcoin and other digital currencies. In recent trading, Bitcoin has slipped 17 % over the last month and is currently around $60, 529.

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