Michael Burry likens Bitcoin to tulip mania, slams $100K valuation

Michael Burry — the contrarian investor famous for calling the 2008 financial crisis — is back with another bold warning, this time aimed squarely at Bitcoin. In a new critique, Burry compared Bitcoin’s surge toward $100,000 to the tulip mania of the 1600s, arguing that the market is driven more by emotion and speculation than true underlying value.

According to Burry, Bitcoin’s sharp moves aren’t signs of strength but symptoms of a bubble inflating faster than fundamentals can support. He points out that many investors piling in today may be betting on hype rather than a genuine understanding of the asset. To him, the constant cycle of fear and euphoria is exactly what has fueled historical bubbles — and what usually ends them.

Still, not everyone agrees. Bitcoin supporters argue that unlike tulips, BTC has utility, scarcity, and global adoption. They see institutional accumulation, ETF inflows, and growing integration with traditional finance as evidence that Bitcoin is maturing, not bursting.

Burry’s warning doesn’t mean Bitcoin will crash tomorrow — but it does serve as a reminder. Even in a strong bull cycle, unchecked speculation can turn quickly. For long-term investors, his message is simple: stay grounded, understand the risks, and don’t let FOMO make your decisions.