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Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble

Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble



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13 Comments

  1. i get it. bitcoin seems like it’s a bubble because of it’s volatility, but what new asset doesn’t have volatility as it matures?

    amazon, apple, tesla all exhibited the same volatility.

    however bubbles don’t reinflate several times over as bitcoin has. bitcoin’s volatility is the consequence of it maturing.

  2. Michael Burry is just a bearish investor who is out of his element.

    He calls for a stock market crash once a month, and deletes his tweets. He’s consistently wrong on a lot of things. He occasionally makes some really good value-investing plays, and of course, is famous from the Big Short.

    He’s not a credible expert on crypto on Bitcoin.

  3. This article was standard FUD with a little more detail.

    I always enjoy the part where they go into the origins of Bitcoin to criticize it, but never at any time do they ever cite the origins of any Fiat currency.

  4. I do not know why exactly Michael Burry thinks bitcoin is a bubble, but I think he is wrong. Bitcoin is not a bubble in my opinion. I think it will cost hundreds of thousands USD per one coin in not so distant future.

  5. tldr; Hedge-fund mogul John Paulson, who made $4 billion on his short of subprime mortgages in 2007, thinks cryptocurrencies are a bubble that will prove to be “worthless.” NYU professor Nassim Taleb, whose now-canonical book The Black Swan warned about the dangers of unpredictable events just ahead of the subprime crash, argues that bitcoin is functionally a Ponzi scheme.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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