Grantham calls Bitcoin worthless on CNBC; GMO AUM halves…
The billionaire called Bitcoin a chain-letter speculative that will dwindle to zero. GMO's own AUM dropped from $118B to $42B over the same window he was warning everyone else about value.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
The billionaire called Bitcoin a chain-letter speculative that will dwindle to zero. GMO's own AUM dropped from $118B to $42B over the same window he was warning everyone else about value.
Brad Garlinghouse points to STRC trading 25% below par as evidence that leverage-funded accumulation distorts the market he says he still believes in.
Management's own rule says MSTR stops being a productive BTC-buying vehicle below ~1.22x mNAV, and the market just pushed the company's enterprise value under its bitcoin stack.
MicroStrategy's common-stock ATM is bleeding into its BTC bid, spot ETF outflows hit a 30-day record, and a year-stalled Clarity Act is turning prior net buyers into net sellers, a triple-stack the…
Seven straight sessions of outflows and seven straight negative weeks reset the cost basis for the average spot BTC ETF holder, with the IBIT cohort now deep underwater from its mid-2025 high.
Eight months after Bitcoin topped, declining volumes, venture pullback and sector-wide cuts point to a late-stage cycle, historically one of the strongest windows to position for the next run.
The platform just hit a new all-time high, but the real question is whether Wall Street's attention, spot Bitcoin ETF inflows, and a CFTC-regulated perpetuals leg can turn HYPE from a momentum trade…
The slide below 1.0 enterprise mNAV means the market now values Strategy's treasury operations at less than the bitcoin they hold, a structural break for the proxy-BTC trade.
Treasury firms are racing to monetize their BTC stacks as income products, but the yield has to originate somewhere, and that origin is the trade-off every investor underwrites.
Garlinghouse called the discount a damning indictment of leverage-heavy accumulation, the sharpest public attack yet from a major crypto CEO on the strategy that defined institutional BTC buying.
Aave surged 19% on a Kraken-parent investment whisper and a buyback tease, while Solana rode tokenized-stock volume past $2.5B for an 80% share of on-chain equity trading.
Virtuals is repositioning itself as infrastructure for what its co-founder calls an agent society, with five pillars spanning digital and physical agents, coordination, capital, and governance.
Roughly three in four EU-registered crypto firms will lose their licence this summer, in what CZ called the loss of the world's deepest liquidity pool.
The headline number is the longest unbroken outflow streak since launch, but the structural read is sharper: ETF allocators are trimming, long-term holders are absorbing, and the question is whether…
The Senate has roughly four weeks to reconcile ethics and illicit-finance disputes on the digital-asset market structure bill, with a 200-firm coalition and Ripple's 'Clarity Truck' pressing for…
Halfway through 2026, price action is ugly and AI has stolen the narrative, but the CoinShares co-founder says the institutional bid is intact and the bull case is still alive.
Rootdata counts more than 60 protocol shutdowns year-to-date, with ten raising over $10M each and the three highest-funded all tracing back to a16z.
The chart analyst pitching this thesis overlays an expanding PMI on the altcoin chart against Bitcoin, arguing a multi-year contraction is finally easing into a business-cycle bull phase.
The test is whether a bankruptcy-remote SPV, qualified custody, and first-loss retention can give institutional capital a reason to underwrite crypto-collateralized loans at scale.
The CNMV's hard line on the end-of-June deadline turns MiCA from a paper framework into an active market-access gate, with Binance among the firms now forced into a Spanish wind-down.
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
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