Burry Warns: Bitcoin 'Most Ridiculous Thing'

Michael Burry, known for predicting the 2008 financial crisis, compares Bitcoin to the historic tulip bulb craze, warning that its rapid price increases are driven by speculation rather than fundamental value. He believes Bitcoin reaching $100,000 would be the most ridiculous thing and sees it as a speculative bubble with more risks than rewards.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.