Billionaire Jeremy Grantham: Bitcoin will not suddenly return to zero and may gradually lose market significance

According to CNBC, GMO co-founder and billionaire investor Jeremy Grantham once again expressed doubts about Bitcoin, calling it a "useless speculative asset" and believing that it may eventually lose market relevance.<br /> Grantham said that Bitcoin will not end in a sudden zeroing or a drastic collapse, but will more likely gradually fade out of market view in the next few years or even decades. "It will slowly die out, not collapse suddenly, but disappear quietly."<br /> He believes that Bitcoin lacks intrinsic value and has failed to prove itself as a reliable store of value. Grantham pointed out that even during periods of good macroeconomic performance, bitcoin prices still retreated significantly, making it difficult to be regarded as a stable wealth-preserving asset.<br /> In contrast, he mentioned that although gold has also undergone price adjustments, it still maintains a relatively solid long-term performance overall.<br /> In addition, Grantham also questioned the practical application value of Bitcoin, arguing that it is not widely used in daily payment or commercial transaction scenarios, and therefore lacks widespread practicality in the real world.