Billionaire who predicted the dot com bubble
Veteran investor and billionaire Jeremy Grantham criticised Bitcoin saying that the world’s largest cryptocurrency will “certainly go to zero” over time. Grantham, who earned recognition for warning about the dot-com bubble in 2000 and the US housing market collapse before the 2008 financial crisis, made the remarks during a recent podcast interview and repeated them in a television appearance a day later.
Speaking on Steven Bartlett’s The Diary of a CEO podcast, Grantham described Bitcoin as an asset with no real economic purpose. He said it serves mainly as a tool for speculation and questioned its value as both an investment and a form of payment.
