Michael Burry, the investor known for predicting the 2008 financial crisis and portrayed in The Big Short, has resurfaced with a fresh round of criticism aimed squarely at Bitcoin.
Speaking on a podcast on December 2, 2025, Burry dismissed the asset’s value entirely, insisting that Bitcoin is “worth nothing” and that its rise to $100,000 was “the most ridiculous thing” he had seen in markets this year.
Burry Calls Bitcoin a Bubble Worse Than Tulip Mania
During the interview, Burry compared Bitcoin’s recent rally to the tulip bulb mania of the 1600s, arguing the cryptocurrency bubble is “even worse” because it fuels criminal activity.
His remarks follow a sharp rebound in Bitcoin earlier in the year, including an all-time high above $120,000 in October before a volatile pullback in recent weeks.
Burry has long been skeptical of digital assets. In 2021, he warned that Bitcoin was a leveraged speculative bubble vulnerable to regulatory crackdowns, a stance he maintains unchanged today.
Criticism Echoed by Other Skeptics
Burry is not alone in his stance. Gold advocate Peter Schiff, another longtime critic, has also reiterated that Bitcoin remains a speculative, “fake asset” with no intrinsic value. While their views reflect deep skepticism from traditional macro investors, analysts note that Bitcoin continues to attract institutional flows even amid heightened volatility.
Context Behind the Renewed Remarks
Burry’s latest comments broke a two-year public silence, resurfacing alongside disclosures of new bearish positions against AI-focused companies such as Nvidia and Palantir. His broader message centered on what he sees as unsustainable exuberance across several risk assets, with Bitcoin being, in his view, the most extreme example.
Meanwhile, the broader crypto market remains divided. Despite recent turbulence, some analysts still anticipate another short-term Bitcoin rally, while skeptics like Burry argue that the asset’s long-term trajectory remains fundamentally flawed.