Bitcoin, Based on Faith, Has ‘Nil’ Value, Grantham Says

The video discusses the speculative nature of Bitcoin and cryptocurrencies, highlighting that Bitcoin does not provide dividends and its value is largely based on the greater fool theory. It emphasizes that Bitcoin's worth is driven by faith, which can fluctuate with market phases, making it a risky investment.

What is the future value of Bitcoin in terms of dividends?

• It will provide no dividends.

• It will provide low dividends.

• It will provide moderate dividends.

• It will provide high dividends.

Can Bitcoin be used as a tangible asset in times of desperation?

• Yes, it can be used as food.

• No, it cannot be used tangibly.

• Yes, it can be used as clothing.

• Yes, it can be used as shelter.

What theory is Bitcoin's value primarily based on?

• Greater fool theory

• Supply and demand theory

• Efficient market theory

• Random walk theory

What is Bitcoin's value dependent on during market phases?

• Faith and belief

• Government regulations

• Economic stability

• Technological advancements

What might happen to Bitcoin's value when market faith is low?

• It will remain stable.

• It will become more tangible.

• It will increase significantly.

• It will decrease.