Derived from ChainCatcher, the source reports that Michael Burry, the hedge fund manager portrayed in the film 'The Big Short,' stated in a podcast that Bitcoin is worthless and likened it to the modern-day tulip bubble. He also called the idea of Bitcoin reaching $100,000 the most absurd scenario.
Michael Burry: Bitcoin is Worthless and a $100,000 Price is Absurd
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Summary
Michael Burry, the hedge fund manager known for his role in *The Big Short*, said in a recent podcast that Bitcoin has no intrinsic value and compared it to the tulip mania of the 17th century. He dismissed the idea of Bitcoin hitting $100,000 as absurd. Traders are now watching key support and resistance levels to gauge price action amid the ongoing debate.
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