●Investor dismisses asset as worthless and cites criminal use cases
●Comments highlight persistent skepticism from traditional market figures
Michael Burry, known for "The Big Short," has criticized Bitcoin, calling price targets of $100,000 "ridiculous." He described the asset as "worthless" and compared its risks unfavorably to the tulip bulb mania.
Burry also highlighted concerns regarding the use of cryptocurrency in criminal activities. His comments reflect lingering skepticism among some traditional finance figures despite recent market highs.