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.

Can Bitcoin be consumed as food according to the text?

What might happen to a stock whose existence relies solely on faith?