GMO co-founder Jeremy Grantham stated that Bitcoin and other cryptocurrencies are 'speculative tools with no real use' and will gradually decline over the long term rather than ending abruptly. He pointed out that Bitcoin has recently fallen more than 50% from its all-time high, and even with a strong economic environment and a significant rise in gold prices during the same period, it has failed to prove itself as a reliable store of value. Additionally, he mentioned that Bitcoin has yet to be widely used for daily payments but could potentially be used for illegal fund transfers. However, Grantham believes that the underlying blockchain technology may still play an important role in the future. (Decrypt) https://www.(wublock123.com)/news/jeremy-grantham-bitcoin-decline-blockchain-potential-63598