Michael Burry reiterated that Bitcoin's rally toward six-figure prices is a speculative bubble disconnected from measurable fundamentals, reviving debate over crypto valuation.
Fidelity macro director Jurien Timmer called the sell-off in speculative assets — including Bitcoin — "probably a good thing," framing the crash as a corrective event. His comment highlights a view that painful declines could remove excesses from markets even as they pressure prices.
Bitcoin dipped toward $95,000 on Nov. 14 after an internal strategy transfer at a crypto firm prompted online speculation of a possible $1 billion sell-off. Market participants flagged the move as a potential source of near-term selling pressure.