According to external sources, Jeremy Grantham, a co-founder of the GMO, known for his long-standing vigilance over the asset bubble, has recently made another negative evaluation of the TT currency in an interview. In his view, encryption assets were more like speculative instruments lacking practical use, and might be lost in the future rather than suddenly collapse.
Volatileness became the main point of criticism.
Grantham stated that bitcoin could hardly be considered a stable value storage tool because of excessive price volatility. He mentioned that bitcoin had fallen by about 52 per cent over the US$ 126,080 created in October 2025, while gold was still well recorded during the same period.
In his view, it would be difficult for an asset to assume a long-term preservation function if it was able to shrink significantly in a relatively short period of time. And that's one of the important reasons he keeps looking at bitcoin.
The payment scene is still not universal.
Grantham also questioned the real value of Bitcoin as a means of payment that was not widely used. He stated that bitcoin did not have a mainstream payment position, either in day-to-day consumption or in larger commercial transactions.
On that basis, he argued that bitcoin was still of limited use in the real economy and that the market ' s demand for it came more from transactions and speculation than from day-to-day business activities.
Supporters and opponents continue to fight.
Grantham further indicated that one of the main uses of encrypted assets was to facilitate the illegal transfer of funds. At the same time, he added that his criticism was directed at bitcoin and encrypted assets per se, rather than block chain technology, which, in his view, could still have long-term development space.
This statement also triggered a counter-argument with marketers. The CNBC moderator, Joe Kernen, questioned Grantham's long-term view of the market record, arguing that if investors continued to follow its crash early warning, returns could lag behind the stock market.
Pembo ETF analyst Eric Balchunas found the questions of the moderator justified. Albert Edwards, a French bank strategist, defended Grantham, arguing that the current market optimism was similar to the period before the 1999 Internet bubble and the 2007 financial crisis.
It's the opposite for the Bitcoin supporters. Encrypted investor Lark Davis states that fixed supply and decentrization remain the most important features of Bitcoin. Mexican rich man Ricardo Salinas Pliego also reiterated that about 70 per cent of his portfolio is deployed in bitcoin, which is less vulnerable to government supply interventions than cash or gold.