Burry's Critique of Bitcoin Revives the Debate on Speculation in the Crypto Market

Fund manager Michael Burry, whose brilliant strategy was portrayed in the movie The Big Short, has once again drawn attention with his provocative statements. During a recent podcast appearance, Burry reaffirmed his skeptical stance regarding Bitcoin, pointing out characteristics that disqualify it as a reliable asset.

The Lack of Fundamentals, According to Burry

As reported by Foresight News, the renowned investor argues that Bitcoin completely lacks solid fundamentals. For Burry, the asset functions as a mechanism for transferring wealth among market participants, without generating intrinsic value. This perspective places the main cryptocurrency in the same category as historical bubbles, such as the famous tulip mania, where prices were driven solely by collective emotion.

Questioning the Optimistic Projections

The narrative that Bitcoin will reach US$ 100,000 is often cited by sector enthusiasts. However, Burry sees such projections as fantasies disconnected from reality. The manager also harshly criticized the negligent attitude of certain analysts who treat extreme price swings — such as drops from US$ 100,000 to US$ 98,000 — as trivial fluctuations.

For Burry, this superficiality masks substantial risks that remain invisible to the average investor. Extreme volatility should not be normalized or minimized in discussions about the asset.

The Contrast with Market Optimism

While Burry maintains his skeptical stance, the cryptocurrency market remains heated, with many investors betting on a continuous appreciation of Bitcoin. This dichotomy between the realistic perspective of figures like Burry and the widespread enthusiasm raises important questions about sustainability and systemic risk in the sector.