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Jeremy Grantham predicts Bitcoin will “dwindle away with a whimper” as the crypto slides near $60,000, a level that could trigger a move to $40,000.
Bitcoin slipped to roughly $60,000 on Friday, a price that sits just above a key support zone and follows a 30% pullback from its 200‑day moving‑average resistance, while legendary investor Jeremy Grantham reiterated his view that the digital asset will eventually lose all value【2】. The price action and Grantham’s comment have reignited debate over Bitcoin’s long‑term relevance and the short‑term risk of further downside.
| At a glance | |
|---|---|
| Price | ~ $60,000 |
| 24‑h change | – ≈ 1% (mid‑June dip) |
| Key level | Support near $60,000; 200‑day MA resistance |
| Catalyst | Grantham’s “whimper” prediction on CNBC; Fed‑driven risk aversion and $113.8 m ETF outflows【2】 |
Bitcoin’s price has fallen more than 50% from its October 2025 peak of about $126,000, leaving the asset in a drawdown that ranks among its five worst historical declines【2】. The recent slide to $62,000 was sparked by hawkish Federal Reserve signals that heightened risk‑off sentiment, compounded by rising geopolitical tension and inflation concerns【2】. Spot Bitcoin ETFs recorded four straight days of net outflows totaling roughly $113.8 million, adding pressure to the market【2】.
Grantham, co‑founder of GMO and a noted bubble‑spotter, told CNBC that Bitcoin will “dwindle away… not with a bang, but a whimper,” and that it will ultimately fall to zero because it offers no cash flow or intrinsic earnings【2】. He highlighted Bitcoin’s volatility, noting a recent halving event that occurred “for no particular reason in a strong economy”【2】. While his forecast targets a multi‑decade horizon, the immediate implication for investors is the lack of a concrete exit strategy—no defined price target, timeframe, or position size—making the prediction difficult to translate into actionable trading decisions.
Despite the price drop, some institutional players view the dip as an entry point. Coinbase reported that major institutions have begun buying the dip, suggesting continued demand from large‑scale investors【2】. However, the overall market sentiment remains cautious, as the asset tests the $60,000 support zone; a break below could open a path toward the $40,000 region that analysts consider a critical downside threshold【2】.
Grantham’s assertion that Bitcoin will eventually “fade away” underscores the difficulty of valuing an asset without cash flows, but the current price action shows that short‑term risk remains high. Whether Bitcoin can hold the $60,000 support or slips deeper will determine how relevant Grantham’s long‑term warning becomes for today’s investors.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jun 28, 2026 · How we report
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