Michael Burry gives his take on Bitcoin… but what happens to it after predicting the subprime crisis?
Michael Burry, known for predicting the crisis in 2008 and becoming the hero of the movie The Big Short, attacked Bitcoin during an interview in early December 2025, calling the cryptocurrency a speculative bubble that facilitates crime. The exit, however, comes weeks after the announcement of the closure of his fund Scion Asset Management…
Michael Burry takes $100,000 worth of Bitcoins
In early December 2025, Michael Burry, known for being one of the first to predict the subprime crisis in 2008 (he made more than $700 million), gave a rare interview to Michael Lewis. The one whose story was adapted into a movie Big short attacked bitcoin head-on, which judges “ridiculous” to $100,000. At the moment, the price of Bitcoin is around $90,000.
The investor goes further in comparison cryptocurrency with the famous tulip bubble 17th century (the first speculative bubble in history, during which tulips were bought at obscene prices, exceeding the price of a house):
It is the tulip bulb of our time. It is worse than the tulip bulb because it has allowed so much criminal activity to flourish.
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He also took short positions against AI giants like Nvidia and Palantir Technologies Inc, have bet more than 1.6 billion on its downfall. On the contrary, Michael Burry has a good position in gold, which he has held since 2005 as a safe haven.
It is clear that this media report did not arise by chance, but in specific context for bitcoins. While the world’s leading cryptocurrency peaked at $120,000 in October 2025, it has corrected to around $88,700 at the time of the interview. This is not the first time that Michael Burry has criticized Bitcoin: he has already mentioned a “speculative bubble” in 2021 in a quickly deleted tweet.
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What is the outcome for Michael Burry after his attack on the subprime crisis?
You should know that the interview with Michael Burry took place a few weeks after an important announcement: the closing of his Scion Asset Management fund. In fact, he delisted his fund from the SEC on November 10, 2025. In a letter sent to investors on October 27, he explains that his “value estimates are no longer in line with markets”.
The manager plans to liquidate positions and return capital by the end of 2025 to manage only his personal wealth.
But why this decision? It follows from that years of taking positions against the marketlike bear bets that often failed: he took a $530 million short position in Tesla in 2021 before closing it out a few months later, likely at a loss. He also sold his GameStop stock too early because he missed out on the stock explosion.
In particular, between 2015 and 2017, he predicted financial collapses that never happened. All this negatively affected his performance. So if his prediction of the 2008 subprime crisis stands, his history since then has been mixed.
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After training in journalism, I worked in print for a few years before discovering the world of personal finance and the stock market. As I have fallen into cryptocurrencies since 2020, I am particularly interested in deciphering the news that affects the crypto markets. My goal? Always educate your readers more by providing the most accurate and precise information possible.
Justine Ferrari
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