‘Big Short’ Michael Burry says Bitcoin worse than tulip bubble
Crypto Briefing
Michael Burry compared Bitcoin to the tulip bubble, calling it overvalued and a facilitator of criminal activity.Summary
Investor Michael Burry, famous for predicting the 2008 financial crisis, heavily criticized Bitcoin on a podcast, equating it to the historical tulip bubble and asserting it is currently overvalued and hype-driven. Burry stated that Bitcoin is "not worth anything" and is "worse than a tulip bulb" because it has enabled significant criminal activity. He expressed disbelief that Bitcoin reached $100,000 and noted that commentators casually discuss its price fluctuations. Burry has previously criticized Bitcoin as a speculative bubble comparable to the dot-com and housing bubbles, despite the digital asset's subsequent price appreciation.
(Source：Crypto Briefing)