Michael Burry likens Bitcoin to tulip mania, slams $100K valuation
BTC
“The Big Short” investor Michael Burry has once again aimed at Bitcoin (BTC), calling the cryptocurrency “the tulip bulb of our time” during a recently-aired 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. “
It’s worse than a tulip bulb,” Burry said.
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.
Bitcoin continues facing turmoil
BTC was up around 2.8% on Dec. 9, trading at about $93,052.51, after plunging more than 30% from its record high of over $120,000 in October.
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.
In 2021, he described Bitcoin as a “speculative bubble” that posed “more risk than opportunity,” warning retail investors against underestimating the leverage driving the market.
“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.
Burry says he is 'learning'
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 wrote on X, “I am learning #justkeepswimming.”
I am learning. #justkeepswimming
— Cassandra Unchained (@michaeljburry) December 9, 2025
Beyond crypto: how tokenization is quietly rewiring markets | The Paypers https://t.co/y7zaveTruz
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.
welcome back, ill take this as the big long for crypto 🫡
— absol (@absolquant) December 9, 2025
Related: Big Short Michael Burry Says Cryptocurrencies Have Original Sin
