{"id":17143,"date":"2025-12-02T23:06:52","date_gmt":"2025-12-02T23:06:52","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-rebounds-but-so-what-michael-burry-says-its-still-worth-nothing\/"},"modified":"2025-12-02T23:06:56","modified_gmt":"2025-12-02T23:06:56","slug":"bitcoin-rebounds-but-so-what-michael-burry-says-its-still-worth-nothing","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-rebounds-but-so-what-michael-burry-says-its-still-worth-nothing\/","title":{"rendered":"Bitcoin rebounds, but so what? Michael Burry says it\u2019s still \u2018worth nothing\u2019"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Michael Burry, the investor known for predicting the 2008 financial crisis, has renewed his criticism of Bitcoin, stating the cryptocurrency is \u201cworth nothing.\u201d<\/p>\n<div id=\"cn-block-summary-block_03b69c232e5aae7d2ecff22389dc62a4\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Michael Burry says Bitcoin is \u201cworth nothing\u201d<\/li>\n<li>The investor, famous for predicting the 2008 financial crisis, renewed his criticism of the cryptocurrency as a speculative bubble lacking fundamental support.<\/li>\n<li>Crypto markets remain volatile and sensitive to regulation and investor sentiment.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Burry claimed Bitcoin\u2019s rise to six-figure price levels represents a speculative bubble not supported by quantifiable fundamentals. The investor noted on Michael Lewis\u2019 podcast that widespread acceptance of Bitcoin\u2019s elevated valuations demonstrates market behavior consistent with speculative activity.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Burry gained prominence for identifying structural vulnerabilities in the housing market that preceded the 2008 financial collapse, a prediction documented in Lewis\u2019s book \u201cThe Big Short\u201d and the subsequent film adaptation directed by Adam McKay.<\/p>\n<p>Bitcoin has traded above $100,000 in recent months. Indeed, it enjoyed a significant increase from previous price levels and is up 6% for the day. Still, it\u2019s down 18% for the last three months. See below.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"nofollow\">CoinGecko<\/a><\/figcaption><\/figure>\n<p>Still, the cryptocurrency has attracted both institutional and retail investment despite ongoing debate about its intrinsic value.<\/p>\n<p>Burry has maintained a critical stance toward Bitcoin for an extended period, questioning its valuation methodology and comparing its price movements to historical speculative manias.<\/p>\n<p>The investor\u2019s comments come as cryptocurrency markets continue to experience significant volatility, with Bitcoin prices fluctuating amid regulatory developments and shifting investor sentiment.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Is a bad situation about to get worse?<\/strong><\/h2>\n<p>Burry\u2019s problem isn\u2019t just with Bitcoin. \u201cI think that we are in a bad situation in the stock market. I think the stock market could be in for a number of bad years,\u201d Burry told Lewis on the \u201cAgainst the Rules\u201d podcast.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Michael Burry Speaks | Michael Lewis\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/nsE13fvjz18?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<p>Burry told Lewis that concentrated capital and inflated valuations have undermined price discovery, creating conditions for an unusually broad market crash.<\/p>\n<p>He argued that the market\u2019s passive structure would amplify the fallout, causing most assets to fall together and making it difficult \u201cto be long anything and be safe.\u201d <\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Michael Burry, the investor known for predicting the 2008 financial crisis, has renewed his criticism of Bitcoin, stating the cryptocurrency is \u201cworth nothing.\u201d Summary Michael Burry says Bitcoin is \u201cworth&hellip;<\/p>\n","protected":false},"author":1,"featured_media":17144,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=17143"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17143\/revisions"}],"predecessor-version":[{"id":17145,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17143\/revisions\/17145"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/17144"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=17143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=17143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=17143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}