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  • Billionaire Jeremy Grantham Dismisses Bitcoin as Speculative, Predicts Crypto Fade
    June 27, 2026, 1:02 PM EDT. Billionaire investor Jeremy Grantham criticized Bitcoin and cryptocurrencies as "useless" and "speculative mechanisms" on CNBC's Squawk Box. He highlighted Bitcoin's 52% drop from its $126,080 all-time high last October, despite favorable economic conditions and gold's gains. Grantham said Bitcoin lacks stability as a store of value and is not widely used for everyday transactions. He also noted that crypto facilitates covert money movements by criminals. While acknowledging blockchain's potential, Grantham dismissed Bitcoin and other cryptocurrencies, predicting they will fade "with a whimper." This follows similar criticism from billionaire Mark Cuban, who sold most of his Bitcoin amid its recent underperformance against gold.

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Cisco (NASDAQ:CSCO) drops on volume, hurts Dow

Cisco (NASDAQ:CSCO) drops on volume, hurts Dow

27 June 2026
Cisco Systems plunged 4.37% to $113.77 on Friday, wiping out 32 Dow points and trading at more than double average volume as the AI-networking trade cooled sharply; despite record Q3 revenue and raised AI order guidance, the stock ended 12.7% below its 52-week high and faces investor scrutiny on AI order conversion and margins ahead of a shortened holiday week.
Take-Two (NASDAQ:TTWO) holds steady with GTA 6 preorders kicking off

Take-Two (NASDAQ:TTWO) holds steady with GTA 6 preorders kicking off

27 June 2026
Take-Two closed nearly flat at $238.53 after GTA VI’s $79.99 price and preorder launch, outperforming the Nasdaq’s 4.6% weekly drop as analysts raised targets on expectations for GTA Online to drive recurring revenue; Bank of America boosted its price target to $368, citing GTA Online’s monetization potential, while recurrent consumer spending now accounts for 78% of Take-Two’s net bookings.
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