According to ChainCatcher news and a report by Business Insider, “big short” Michael Burry criticized Bitcoin again in a podcast that aired on Tuesday.
Burry stated on the show: I think Bitcoin at 100,000 dollars is the most ridiculous thing, and he described this cryptocurrency as worthless. He also pointed out that Bitcoin is worse than tulip bulbs because it enables so much criminal activity to take place.
This is not Burry's first criticism of cryptocurrency. In 2021, he warned that Bitcoin is a speculative bubble, with risks outweighing opportunities.
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"Big Short" Michael Burry: Bitcoin reaching 100,000 USD is "absurd," it is a speculative bubble.
According to ChainCatcher news and a report by Business Insider, “big short” Michael Burry criticized Bitcoin again in a podcast that aired on Tuesday. Burry stated on the show: I think Bitcoin at 100,000 dollars is the most ridiculous thing, and he described this cryptocurrency as worthless. He also pointed out that Bitcoin is worse than tulip bulbs because it enables so much criminal activity to take place. This is not Burry's first criticism of cryptocurrency. In 2021, he warned that Bitcoin is a speculative bubble, with risks outweighing opportunities.