Jeremy Grantham, the co-founder of investment firm GMO and a veteran market strategist known for accurately warning about the 2000 dot-com crash and the 2008 global financial crisis, has renewed his criticism of Bitcoin (BTC), describing the worlds largest cryptocurrency as a useless, speculative mechanism that could steadily lose relevance over the coming decades. Grantham argued that Bitcoin fails to meet the fundamental characteristics of a reliable financial asset.
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