Michael Burry strikes back: Bitcoin is a bubble like tulips

BridgeJumper · 2026-03-06T01:03:28+00:00

Michael Burry criticizes bitcoin's lack of intrinsic value, likening its speculative nature to historical bubbles like the tulip mania. He argues that discussions around its price are misleading and unsustainable.

BridgeJumper

2026-03-06 01:03:28

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Michael Burry, the famous fund manager who predicted the 2008 financial crisis and inspired the movie “The Big Short,” has spotlighted Bitcoin in a recent interview on the Against the Rules podcast. His comments have reignited the debate over the legitimacy and true value of the world’s most well-known cryptocurrency.

Hedge Fund Manager’s Criticism on the Podcast

During the discussion, Burry took a clear and uncompromising stance: Bitcoin has no fundamental value. He stated that imagining Bitcoin reaching $100,000 is an illogical and unsustainable prospect. His criticisms also target commentators who casually discuss Bitcoin’s daily fluctuations on television media, believing such discussions foster a distorted view of the market.

A Controversial Comparison to Historic Bubbles

Particularly notable is the historical analogy Burry used to describe Bitcoin: a direct comparison to the famous tulip bubble of the 17th century. This analogy highlights how speculative enthusiasm and lack of intrinsic value can lead to market dynamics driven purely by investor psychology. For Burry, Bitcoin’s speculative behavior mirrors the mechanisms that have characterized some of the most historic market crashes, where prices completely detached from any tangible economic fundamentals.

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