Michael Burry shared that he considered buying Bitcoin in early 2013 but decided against it, highlighting his history of major market calls over a 26-year span. He maintains Bitcoin lacks real-economy utility and has not proven durable as a hedge against currency debasement.

Burry pointed out that around 200 public companies now hold Bitcoin, yet mark-to-market accounting could force these firms to sell positions if market values decline. He warned that risk controls tied to these holdings may amplify downward price pressure.

MicroStrategy, as one of the largest corporate Bitcoin holders, could see heightened equity volatility if Burry’s warnings depress Bitcoin prices and trigger broader corporate sell-offs. Investors should monitor potential forced liquidations that may ripple through the stock.