The Big Short Fund Manager's Perspective on the Tulip Bubble: Why He Is Bearish on Bitcoin

AirdropHuntress · 2026-02-17T04:11:00+00:00

Hedge fund manager Michael Burry reiterated on a podcast that Bitcoin is similar to the 17th-century Tulip Mania bubble, considering Bitcoin to be worthless, and criticized the media for downplaying its price volatility. He warned that this digital asset faces the same speculative risks and could collapse rapidly once consensus disappears.

AirdropHuntress

2026-02-17 04:11:00

Abstract generation in progress

Michael Burry, the hedge fund manager famous for accurately predicting the 2008 financial crisis, recently reiterated his views on Bitcoin during a podcast. This investor, widely known for the movie “The Big Short,” believes that the current Bitcoin craze is akin to the tulip bubble of 17th-century Holland, fundamentally a non-rational asset speculation.

Burry bluntly states that Bitcoin has no intrinsic value whatsoever and describes the phenomenon of its price rising to $100,000 as “the most absurd thing.” He expressed frustration with the media and public opinion for fueling the hype, pointing out that those TV commentators casually discussing Bitcoin’s price fluctuations—rising to $100,000 and then dropping to $98,000—are essentially talking about a intangible digital game.

This perspective reflects a deeper thought: why did the tulip bubble burst in history? It was precisely because tulips lacked intrinsic value, and their prices were entirely driven by speculative sentiment. Burry seems to imply that Bitcoin faces the same risk—when consensus collapses and the speculative frenzy subsides, this “digital tulip” wave will also fade away.

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