"The Big Short" investor Michael Burry has once again expressed skepticism about Bitcoin (BTC), referring to the cryptocurrency as "the tulip bulb of our time" during a recent podcast hosted by Michael Lewis, the author of "The Big Short."
Burry, who is renowned for accurately predicting the 2008 housing market crash, told Lewis that Bitcoin's surge to $100,000 is "the most ridiculous thing" he has witnessed.
"It’s worse than a tulip bulb," Burry stated.
He argued that the blockchain-based asset has "enabled so much criminal activity to go deep under."
Bitcoin's Recent Price Volatility
Burry's remarks come in the wake of significant price fluctuations for Bitcoin in recent months.
As of December 9th, BTC was trading around $93,052.51, marking an increase of approximately 2.8%. This follows a substantial plunge of over 30% from its all-time high of more than $120,000, which was reached in October.
Despite this correction, Bitcoin has remained one of the top-performing assets of the year. This performance has been supported by positive sentiment surrounding exchange-traded funds and increasing interest from institutional investors.
Burry's latest commentary is consistent with his long-standing skepticism regarding digital assets.
In 2021, he characterized Bitcoin as a "speculative bubble," warning that it presented "more risk than opportunity." He advised retail investors to be cautious and not underestimate the leverage influencing the market.
"If you do not know how much leverage is involved in the run-up, you may not know enough to own it," he wrote in a now-deleted post on X.
Burry Indicates a Willingness to Learn
Despite his strong criticisms of cryptocurrency, Burry recently shared a post that suggested a more open-minded approach.
In promotion of an article titled "Beyond crypto: how tokenization is quietly rewiring markets" by Paula Albu, Burry posted on X, "I am learning #justkeepswimming."
I am learning. #justkeepswimming
— Cassandra Unchained (@michaeljburry) December 9, 2025
Beyond crypto: how tokenization is quietly rewiring markets | The Paypers https://t.co/y7zaveTruz
This post prompted reactions from crypto traders, who interpreted the admission as a potential shift in his stance or at least an indication of his willingness to re-evaluate how blockchain technology might develop beyond the speculative aspects of Bitcoin.
welcome back, ill take this as the big long for crypto 🫡
— absol (@absolquant) December 9, 2025