Jeremy Grantham, co-founder of GMO and known as Wall Street's most famous bear, has reiterated his long-held bearish view on Bitcoin. He expects it to slowly disappear over time rather than becoming a lasting part of the financial system.
This is not the first time Grantham has expressed concerns about Bitcoin's viability. As someone who has warned about major asset bubbles in the past, he framed this as a risk to crypto adoption and token viability with negative implications for market sentiment and long-term market impact.