Michael Burry Criticizes Bitcoin Valuation in Podcast Discussion

According to Foresight News, Michael Burry, the hedge fund manager who inspired the film 'The Big Short,' expressed strong skepticism about Bitcoin during a recent appearance on the podcast 'Against the Rules.' Burry compared Bitcoin to the tulip mania of the past, suggesting that it holds no intrinsic value. He criticized the notion of Bitcoin reaching $100,000, calling it absurd. Burry remarked on the casual manner in which some commentators discuss Bitcoin's price fluctuations, noting that they often mention its rise to $100,000 and subsequent drop to $98,000 without much concern.