'Big Short' Investor Michael Burry Admits He 'Slept' on Bitcoin in 2013 Despite Early Move to Buy

'Big Short' Investor Michael Burry Admits He 'Slept' on Bitcoin in 2013 Despite Early Move to Buy

Source: UToday

Published:10:12 UTC

BTC Price:$68099

#BTC #MichaelBurry #Bearish

Analysis

Price Impact

Med

Michael burry, a well-known investor famous for predicting the 2008 financial crisis, admitting he missed out on bitcoin in 2013 is a historical anecdote. however, his current bearish outlook on bitcoin, comparing its patterns to previous collapses and predicting a potential 'death spiral' for overleveraged institutions if the price falls, carries more weight. this contrast between past missed opportunity and current bearish sentiment adds nuance.

Trustworthiness

High

Michael burry has a proven track record of accurately predicting major market downturns, giving his current bearish warnings significant credibility among market participants.

Price Direction

Bearish

Burry's 'btc patterns' chart suggests a significant price drop from a projected peak in october 2025, drawing parallels to previous market collapses. his concerns about overleveraged institutions further support a bearish outlook if prices decline.

Time Effect

Long

Burry's analysis and predictions often focus on longer-term market cycles and potential economic shifts, suggesting his current bearish sentiment could influence the market over an extended period, not just short-term fluctuations.

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Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Michael Burry , the Scion Asset Management founder who "diagnosed" the 2008 subprime mortgage collapse, recently laid out a decades-long road map of his hits and misses, revealing a rare admission of a "lost" trade: he almost bought Bitcoin in 2013. Advertisement Well, I have called just about everything significant that has happened the last 26 years. It's hard to say I've never had the timing right. I was short Amazon at the top in 2000. I went way long small cap value in late 2000. I bought AAPL in 1998 and then again in 2002. In… — Cassandra Unchained (@michaeljburry) February 22, 2026 According to Burry, a meeting with a friend at Lightspeed Venture Partners nearly led him to enter the crypto market when BTC was trading under $200, but he ultimately "slept on it," missing the chance to capture what would have been an appreciation worth thousands of percent over the next decade. HOT Stories XRP Records Largest On-Chain Realized Loss Spike Since 2022 Ripple Partners With Deutsche Bank, $2 Billion in Bitcoin Scooped by Whales, Schwartz Criticizes Logan Paul, Shiba Inu Price Enters Consolidation — Top Weekly Crypto News "Cassandra" warning: BTC Patterns Although Burry may regret his hesitation in 2013, his current stance on Bitcoin is far more adversarial. Under his "Cassandra Unchained" persona on X, Burry shared a new chart titled "BTC Patterns" this month, comparing the current market structure to the collapse of 2021-2022. Advertisement The chart shows a peak of $126,000 in October 2025, followed by a drop to approximately $73,000. This draws an ominous parallel to the previous cycle's 50% plunge. Burry warns that this could trigger a "death spiral" for overleveraged institutional holders, such as Strategy (ex. MicroStrategy), and mining firms if the price falls to around $50,000 per BTC . BTC/USD by TradingView You Might Also Like Sun, 02/22/2026 - 09:46 $250,000 BTC by 2029: Peter Brandt Tells Scottie Pippen to 'Buy the Banana' of Bitcoin By Gamza Khanzadaev The investor's pessimism extends beyond cryptocurrency to what he calls the "AI bubble." Burry recently disclosed bearish put options on high-flyers like Nvidia (NVDA) and Palantir (PLTR), arguing that tech giants are inflating profits by stretching the reported useful lives of their hardware. Advertisement Just as he missed the long-term Bitcoin play in 2013, he now believes that the current institutional "stockpiling" of both AI chips and Bitcoin is a temporary speculative force and not a sign of permanent adoption. #Michael Burry #Bitcoin #Bitcoin News