grantham

🔴 Grantham Slams Bitcoin as 'Useless Speculative Mechanism,' Predicts Long Decline

Jeremy Grantham, the legendary investor who nailed the dot-com and 2008 housing crashes, just unleashed a verbal assault on Bitcoin, calling it a "useless, speculative mechanism." He's betting on a multi-decade decline for BTC, citing its lack of yield, stable value, and utility as a daily currency. Grantham specifically blasted Bitcoin's proof-of-work, claiming the energy spent generates zero societal economic benefit. He sees "proof of unnecessary work" as worthless. The veteran strategist's bearish call lands as Bitcoin trades well off its highs and US spot Bitcoin ETFs are bleeding billions in outflows over the past month. This skepticism echoes sentiments from other prominent bears, setting the stage for a potential Q3 test of key BTC support levels.

📊 Grantham's bearish pronouncements, while not immediately moving markets, add to the narrative of cooling institutional interest and could pressure BTC and altcoins if sentiment shifts decisively. Expect increased volatility around key support levels.

Is Grantham's decades-long BTC collapse prediction a contrarian signal or a death knell? 👇

#bitcoin #grantham #etf #outflows #speculation

🔴 Grentheam called Bitcoin 'useless' amid price declines and outflows from ETFs

Jeremy Grentheam, a well-known bubble hunter, has just confirmed his forecast that Bitcoin is a 'useless speculative mechanism' destined to 'disappear with a quiet whimper.' He sees no intrinsic value, claiming it only facilitates fraud and will ultimately fall to zero—not with a bang, but with a slow fade-out. Grentheam’s criticism comes as Bitcoin is struggling with a major drop, having lost more than 50% from its ATH and currently testing critical support zones. Spot Bitcoin ETFs in the US recorded four consecutive days of net outflows totaling more than $113 million, which further strengthens bearish sentiment. Macroeconomic concerns also play a role: hawkish Fed signals and geopolitical tensions scare risk assets and increase fears about inflation.

📊 Continued bearish pressure on BTC—and possibly ETH—as negative sentiment from a prominent voice like Grentheam may deter institutional inflows and trigger further capitulation by retail investors, especially if ETF outflows persist. Altcoins will likely follow BTC lower.

Grentheam’s prediction of a 'whimper' or Salinas’s 'asymmetric bet'—is this the future of Bitcoin? 👇

#bitcoin #grantham #etf #macro #inflation

📉 Billionaire investor describes Bitcoin as a useless asset.. Is he wrong?

Billionaire Jeremy Grantham classifies Bitcoin as a speculative asset with no value, sparking debate about the true worth of the first digital currency. The article addresses opposing viewpoints to this pessimistic view, especially since Bitcoin is still far from its all-time highs.

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📊 Impact: 📈 High
🏷️ BITCOIN

#Bitcoin #Crypto #Grantham #MarketAnalysis #SpeculativeAsset

🔗 Source: https://biztoc.com/x/a57dbea0bc6fb51d

🔴 Grantham Slams Bitcoin as 'Useless' Amidst Price Plunge and ETF Outflows

Jeremy Grantham, the famed bubble-spotter, just reiterated his call that Bitcoin is a 'useless, speculative mechanism' set to 'dwindle away with a whimper.' He sees no intrinsic value, claiming it only facilitates fraud and will eventually fall to zero, not with a bang but a slow fade. Grantham’s critique lands as Bitcoin grapples with a severe drawdown, shedding over 50% from its ATH, currently testing critical support zones. U.S. spot Bitcoin ETFs have seen four consecutive days of net outflows totaling over $113 million, adding to the bearish sentiment. Macro fears are also at play, with hawkish Fed signals and geopolitical tensions spooking risk assets and pushing inflation concerns higher. Despite the gloom, some billionaires are doubling down, like Ricardo Salinas Pliego, who has 70% of his portfolio in BTC, viewing it as a superior store of value to fiat and gold.

📊 Continued bearish pressure on BTC and potentially ETH as negative sentiment from a prominent voice like Grantham could deter institutional inflows and trigger further retail capitulation, especially if ETF outflows persist. Alts likely to follow BTC's lead downwards.

Is Grantham's 'whimper' prediction or Salinas's 'asymmetrical bet' the future for Bitcoin? 👇

#bitcoin #grantham #etf #macro #inflation

🔴 Grantam called Bitcoin a “useless speculative mechanism” and predicted a long decline

Jeremy Grantam, the legendary investor who predicted the dot-com crashes and the 2008 mortgage market collapse, has just launched a verbal attack on Bitcoin, calling it a “useless speculative mechanism.” He is betting on a multi-decade fall in BTC, citing the fact that it has no income, stable value, or utility as a daily currency. Grantam specifically criticized Bitcoin’s proof-of-work mechanism, arguing that the energy spent brings no public economic benefit. He considers “proof of unnecessary work” to be useless. The pessimistic forecast from the veteran strategist appears at a time when Bitcoin is trading significantly below its highs, while spot Bitcoin ETFs in the US are losing billions due to outflows over the past month. This skepticism echoes the sentiments of other prominent “bears,” setting the stage for a possible test of key BTC support levels in Q3.

📊 Grantam’s pessimistic statements, although they don’t move markets immediately, add to the narrative of declining institutional interest and could put pressure on BTC and altcoins if sentiment shifts sharply. Expect increased volatility around key support levels.

Is Grantam’s prediction of a multi-decade collapse in BTC a contrarian signal or a sign of the end? 👇

#bitcoin #grantham #etf #outflows #speculation

🗣️ Legendary investor blasts BTC: "Useless—will quietly vanish"—What happened to the people who said similar things in history?

Jeremy Grantham, co-founder of GMO and a legendary investor who manages hundreds of billions in assets, said in an interview this week:

"Bitcoin is a useless speculative mechanism. It’s worth nothing and will quietly disappear over the next few decades."

The remark sparked many responses in the crypto community.

But what I want to remind you of is—

How many times has this kind of "BTC death" declaration from traditional finance authorities appeared in history?

According to statistics, BTC has been declared "dead" more than 400 times.

However, Grantham’s words shouldn’t be dismissed entirely. Some of his predictions—such as the 2000 tech bubble and the 2007 subprime mortgage crisis—did successfully issue warnings years ahead.

His underlying concern is this: BTC has no inherent cash flow; its price is driven entirely by narratives and emotions, and in the end it may return to "zero."

Meanwhile, supporters argue back: he assessed BTC using the logic for evaluating stocks—fundamentally the wrong framework.

Do you care about what traditional finance figures think of BTC?👇

#BTC #Grantham #BinanceSquare

$BTC DROPS 52% FROM HIGH — IS GRANTHAM RIGHT ABOUT ITS DEMISE? 🔥

Body:

Jeremy Grantham’s latest attack on Bitcoin echoes a familiar narrative, but the structure tells a different story. Each previous cycle saw 70%+ retracements before new highs — we are currently down 52% from the October peak and holding $60K as a psychological level.

The bearish sentiment is thick, yet liquidity pools build below $58K. A sweep of those lows could trigger the final flush before a significant support bounce. Volume is declining on the 4H, suggesting exhaustion rather than momentum.

Are you buying the fear or waiting for a clean sweep of the order block?

Not financial advice. Always manage your risk.

#BTC #BearMarket #SupportZone #CryptoAnalysis #Grantham

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