2024

JPMorgan

Bitcoin

MSTR

Billionaire investor Jeremy Grantham is <a href="https://www.bloomberg.com/news/articles/2026-06-18/jeremy-grantham-on-odd-lots-and-how-to-tell-if-a-bubble-s-about-to-burst" rel="noopener noreferrer nofollow">best known</a> for calling the&nbsp;dot-com bubble in 2000 and the housing market collapse before the 2008 global financial crisis.
The GMO co-founder and&nbsp;chief investment strategist&nbsp;built his reputation by identifying speculative asset bubbles as they were unfolding.
The Wall Street veteran&nbsp;avoided investing in Japanese equities and real estate in the late 1980s during the peak of the Japanese asset price bubble, avoided technology stocks during the dot-com bubble of the 1990s, and limited his exposure to the housing bubble before the 2008 financial crisis.
<a href="https://www.thestreet.com/crypto/markets/cathie-wood-responds-to-billionaires-bitcoin-warning" rel="noopener noreferrer nofollow">Related: Cathie Wood issues sharp Bitcoin prediction after billionaire's warning</a>
<h2 id="grantham-predicts-bitcoin-will-crash-to-zero">Grantham predicts Bitcoin will crash to 'zero'</h2>
Crypto is a "useless, speculative asset" that will crash to "zero" over decades,&nbsp;Grantham <a href="https://www.youtube.com/watch?v=ABF1dPmUkmc" rel="noopener noreferrer nofollow">made the shocking prediction</a> during a CNBC interview on June 26.
In fact, Bitcoin will "dwindle away... not with a bang, but a whimper," he argued. Bitcoin isn't a stable form of value and recently crashed to half of its record price in a strong economy, he added and compared it to unfavorably to gold which has performed well comparatively.
While Bitcoin's price has crashed 45% in a year, gold's price has surged 20% during the same period.
An asset as volatile as crypto can't offer&nbsp;long-term stability, he remarked.
<figure><img src="https://www.thestreet.com/.image/c_fit%2Ch_675%2Cw_1200/MjI0NDUyMjQ1MzMxMTI2MjM2/gmo-co-founder-jeremy-grantham-interview-jeremy-grantham-co-founder-and-chief-investment-strategist-of-gmo-llc-during-an-interview-on-an-episode-of-bloomberg-wealth-with-david-rubenstein-in-boston-mas.jpg" height="675" width="1013">
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 Jeremy Grantham, co-founder and chief investment strategist of GMO LLC, during an interview in Boston, Massachusetts, U.S., on Aug. 17, 2023. 
 Getty Images
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<h3 id="trending-on-thestreet-roundtable">Trending on TheStreet Roundtable</h3>
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The billionaire&nbsp;also pointed to its negligible use case, saying nobody uses it to pay at restaurants and it is only looked at as an speculative asset. Worse, it is being used to facilitate illicit transactions, he decried but clarified that his criticism doesn't extend to the blockchain technology underlying cryptocurrencies.
Grantham hasn't criticized crypto and Bitcoin for the first time. For instance, he once <a href="https://www.youtube.com/watch?v=zUkglz2PvXU" rel="noopener noreferrer nofollow">slammed</a> Bitcoin in a podcast published in March 2024 and said it only creates value for "bad guys" like&nbsp;drug dealers who want to stay off radar. He said he is very suspicious of Bitcoin and expressed surprised at countries not banning it.
<figure><a href="https://app.decibel.trade/trade/BTC-USD" rel="noopener noreferrer nofollow"></a>
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 BTC/USD, Source: <a href="https://app.decibel.trade/trade/BTC-USD" rel="noopener noreferrer nofollow">Decibel</a>
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Bitcoin was exchanging hands at $58,319 at the time of writing, <a href="https://app.decibel.trade/trade/BTC-USD" rel="noopener noreferrer nofollow">as per Decibel</a>.
<a href="https://www.thestreet.com/crypto/markets/senior-analyst-predicts-500-surge-for-mstr-stock-despite-bearish-news" rel="noopener noreferrer nofollow">Related: Senior analyst predicts 500% surge for MSTR stock despite bearish news</a>

Billionaire who called dot-com bubble makes shocking Bitcoin prediction

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