He has written to the investors in a letter that he believes that Bitcoin is in a bubble on a large scale with the stock market. This Jeremy Grantham is the co-founder of the GMO Investment Management Firm. This melting or ending phase of the bubble may occur within 2 years in the next 6 months. He is famous for predicting the 2000 and 2007 market accidents, the Grantham believes.
To Grantham, A Bubble Unlike Any Other
We can find a very abstract summary of a bubble in these history books, and this Grantham writes that bitcoin is made more than anything; it is coupled with a clear original value and a story corresponding to the illusion of the magnificence of the irregular markets on its massive scale. In its general report on its market trends, Grantham has dedicated a section to address the meteoric rise of bitcoins.