• 'Big Short' investor Michael Burry slams bitcoin as a 'speculative bubble' - and warns a crash is coming

    1 month ago - By Business Insider

    Summary List Placement
    Michael Burry warned that bitcoin is a 'speculative bubble.'
    "The Big Short" investor grouped it with electric vehicles, SAAS, and meme stocks.
    He compared the boom in those assets to the dot-com and housing bubbles.
    Visit the Business section of Insider for more stories .
    Bitcoin's price has surged to unsustainable levels and buyers have taken on dangerous amounts of debt, Michael Burry cautioned in a recent tweet.
    "$BTC is a speculative bubble that poses more risk than opportunity despite most of the proponents being correct in their arguments for why it is...
    Read more ...

     

  • 'Big Short' investor Michael Burry slams bitcoin as a 'speculative bubble' - and warns a crash is coming

    'Big Short' investor Michael Burry slams bitcoin as a 'speculative bubble' - and warns a crash is coming

    1 month ago - By Business Insider

    Michael Burry.
    Bloomberg TV
    Michael Burry warned that bitcoin is a 'speculative bubble.' "The Big Short" investor grouped it with electric vehicles, SAAS, and meme stocks. He compared the boom in those assets to the dot-com and housing bubbles. Visit the Business section of Insider for more stories. Bitcoin's price has surged to unsustainable levels and buyers have taken on dangerous amounts of debt, Michael Burry cautioned in a recent tweet. "$BTC is a speculative bubble that poses more risk than opportunity despite most of the proponents being correct in their arguments for why it is...
    Read more ...