Overview
- Burry said bitcoin is “not worth anything” and argued it is worse than tulips because it has enabled criminal activity to “go deep under.”
- His comments aired Dec. 2 on Michael Lewis’s Against the Rules podcast, where he called $100,000 bitcoin quotes “the most ridiculous thing.”
- Bitcoin has pulled back from an October record above $120,000 and was trading near $90,000, with reports of swings between roughly $84,000 and $93,000 this week.
- He has recently reentered public view with disclosed bearish positions against Nvidia and Palantir and warnings that an AI-driven market could face “a number of bad years.”
- The Big Short investor has criticized bitcoin since 2021, calling it a speculative bubble and cautioning about leverage fueling its run-ups.