Michael Burry's warning about Bitcoin: "Without fundamental value"

MEV_Whisperer · 2026-01-20T14:04:18+00:00

Michael Burry critiques Bitcoin, likening its speculation to historical bubbles and questioning extreme valuation projections. He criticizes financial commentators for lacking rigorous analysis, contrasting his skepticism with industry optimism.

MEV_Whisperer

2026-01-20 14:04:18

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Michael Burry, the legendary investor manager whose strategy inspired the film “The Big Short,” has once again expressed his radical skepticism about Bitcoin. In an appearance on the Against the Rules podcast, the analyst compared the current speculation in the digital asset to historic bubbles like the tulip mania, emphasizing that it is money without tangible backing.

According to Burry, the situation becomes even more concerning when Bitcoin reaches extreme valuations. The hedge fund manager questions the logic behind projections that place the asset at $100,000, deeming them absurd from a fundamental analysis perspective.

The investor also criticized financial commentators who promote debates about Bitcoin’s volatility on media platforms without delving into economic fundamentals. For Burry, this lack of academic rigor fuels uncontrolled speculation rather than contributing to responsible market analysis.

Michael Burry’s perspective contrasts with the optimism prevailing in certain sectors of the crypto industry, reminding that the expert’s skepticism has been a constant in his statements about speculative assets.

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