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00:03Cryptocurrency analyst Michael Vandepop criticized Jeremy Grantham's prediction that Bitcoin will
00:08certainly go to zero, calling the remark stupid. Vandepop said the comment was unexpected from a
00:15great investor and said many prominent investors sound ridiculous when discussing Bitcoin's
00:20fundamentals and purpose. Grantham made the prediction during the June 25th episode of
00:25the Diary of a CEO podcast. The GMO co-founder said Bitcoin would go to zero in the distant future,
00:32though it may take a long time. Grantham described cryptocurrencies as unnecessary nonsense and said
00:38he has never owned crypto or recommended buying it. Bitcoin was recently trading at $59,355.06,
00:47down 0.87% in 24 hours, according to Benzinga Pro. For all things money, visit Benzinga.com.
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