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**Michael Burry Sounds the Alarm If Bitcoin Reaches Six-Digit Levels**
Michael Burry, the investor known for predicting the 2008 crisis, said Bitcoin is worthless, especially if its price reaches US$100,000. Burry compared Bitcoin to the tulip bubble of the 1600s, where the pattern was almost the same and quite risky.
For your information, the tulip mania bubble was a socio-economic phenomenon in the Netherlands, where this flower was valued as a high-value asset but actually deviated from its intrinsic value.
Burry stated that the normalization of Bitcoin prices in six digits could backfire because it does not take into account its fundamental value. This statement sparked debate, dividing experts’ predictions about Bitcoin’s future price.
*Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).*
-# Image Source: Akademi Crypto