Jeremy Grantham’s dismissal of Bitcoin as useless sparks a rebuttal highlighting its emerging utility as a store of value and hedge

Executive summary: Jeremy Grantham publicly called Bitcoin a useless, speculative asset, while a Yahoo Finance article argued his assessment is incorrect. The exchange reflects ongoing institutional debate over Bitcoin’s investment thesis and could influence investor attitudes toward crypto allocations.

Who is involved: Jeremy Grantham (investor), Bitcoin holders, crypto analysts, and institutional investors.

Likely next: Further commentary from other prominent investors and potential market reactions as Bitcoin’s price reacts to shifting sentiment.

Jeremy Grantham, a prominent value investor, characterized Bitcoin as a useless and speculative asset, arguing it lacks intrinsic value. The article counters this view by pointing to Bitcoin's role as a decentralized store of value and its growing adoption among institutions. It notes that Grantham's critique overlooks the asset's utility in cross‑border transactions and as a hedge against fiat currency depreciation. The piece concludes that labeling Bitcoin entirely useless ignores its evolving use cases.

Timeline

2026-07-18 — Billionaire Investor Jeremy Grantham Calls Bitcoin a Useless, Speculative Asset. Here's Why He's Wrong. (Yahoo Finance)
2026-07-18 — Bitcoin Is its Most Affordable in Two Years. Which ETF Is Better to Invest With Now: iShares Bitcoin Trust ETF or VanEck Bitcoin ETF? (Yahoo Finance)
2026-07-17 — Bitcoin and ethereum prices today, Friday, July 17, 2026: Prices ease as conflict in Iran escalates (Yahoo Finance)

Jeremy Grantham’s dismissal of Bitcoin as useless sparks a rebuttal highlighting its emerging utility as a store of value and hedge

Timeline

Analysis — what this means

Sectors affected

Key entities

Sources

Related cases