Bitcoin

“The Big Short” investor Michael Burry has once again aimed at Bitcoin (BTC), calling the cryptocurrency “the tulip bulb of our time” during a&nbsp;recently-<a href="https://open.spotify.com/episode/09jXJQOVKzteGCSTBP5kJV" rel="noopener noreferrer nofollow">aired</a>&nbsp;podcast hosted by The Big Short author Michael Lewis.
Burry, who famously predicted the 2008 housing market crash, told Lewis that Bitcoin’s surge to $100,000 is “the most ridiculous thing” he has seen. “
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 It’s worse than a tulip bulb,” Burry said.
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He argued that the blockchain-based asset has “enabled so much criminal activity to go deep under.”
The veteran trader's remarks follow Bitcoin’s turbulent price action in recent months.&nbsp;
<h2 id="bitcoin-continues-facing-turmoil">Bitcoin continues facing turmoil</h2>
BTC was up around&nbsp;2.8%&nbsp;on Dec. 9, trading at about&nbsp;$93,052.51, after plunging more than 30% from its record high of over $120,000 in October.&nbsp;
Despite the correction, Bitcoin remains one of the year’s best-performing assets, fueled by optimism surrounding exchange-traded funds and growing institutional interest.
Burry’s latest comments extend his long history of skepticism toward digital assets.&nbsp;
In 2021, he described Bitcoin as a <a href="https://fortune.com/2021/03/01/bitcoin-bubble-michael-burry-big-short-investing-btc/" rel="noopener noreferrer nofollow">“speculative bubble”</a> that posed “more risk than opportunity,” warning retail investors against underestimating the leverage driving the market.&nbsp;
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 “If you do not know how much leverage is involved in the run-up, you may not know enough to own it,” he wrote in a since-deleted post on X.
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<h2 id="burry-says-he-is-learning">Burry says he is 'learning'</h2>
Despite his fiery critique of crypto, Burry recently shared an uncharacteristically open-minded note.
Promoting a post titled “Beyond crypto: how tokenization is quietly rewiring markets” by Paula Albu, Burry <a href="https://x.com/michaeljburry/status/1998432796902117450?s=20" rel="noopener noreferrer nofollow">wrote</a> on X, “I am learning #justkeepswimming.”
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 I am learning. <a href="https://twitter.com/hashtag/justkeepswimming?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#justkeepswimming</a> Beyond crypto: how tokenization is quietly rewiring markets | The Paypers <a href="https://t.co/y7zaveTruz" rel="noopener noreferrer nofollow">https://t.co/y7zaveTruz</a>— Cassandra Unchained (@michaeljburry) <a href="https://twitter.com/michaeljburry/status/1998432796902117450?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 9, 2025</a>
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Crypto traders reacted to the post, adding that the admission may hint at a shift in tone — or at least a willingness to reassess how blockchain technology might evolve beyond Bitcoin’s speculative frenzy.
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 welcome back, ill take this as the big long for crypto 🫡— absol (@absolquant) <a href="https://twitter.com/absolquant/status/1998434221942288798?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 9, 2025</a>
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<a href="https://www.thestreet.com/crypto/investing/big-short-michael-burry-says-crypto-crash-has-one-reason" rel="noopener noreferrer nofollow">Related: Big Short Michael Burry Says Cryptocurrencies Have Original Sin</a>

'Big Short' Michael Burry slams Bitcoin $100K valuation

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