Bitcoin skeptic Michael Burry says he's exploring tokenization
Key Takeaways
- Michael Burry, a known Bitcoin skeptic, is now exploring tokenization.
- Tokenization is expanding globally, with stablecoins strengthening the dollar's role.
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Hedge fund manager Michael Burry, known for his skepticism toward Bitcoin and crypto, shared a tokenization article on X today, saying he was “learning” about it.
The article, published by The Paypers, discusses how tokenization is becoming a major force in global finance, growing into a multibillion-dollar market.
The piece explains how tokenized dollars and stablecoins strengthen the dollar’s global role and shows how interoperability pilots demonstrate real-time movement of tokenized assets.
The post sparked a flurry of comments from members of the crypto community, as the “Big Short” investor recently compared Bitcoin to the tulip bubble and challenged its valuation and practical use.
“Welcome back, [I’ll] take this as the big long for crypto,” an X user commented.
Some users suggested that Burry should take a closer look at Bitcoin.
Tokenization has seen strong institutional adoption throughout the year, with BlackRock CEO Larry Fink as one of the tech’s biggest advocates. He believes it is at a development stage similar to the internet in 1996, poised for substantial growth.
Fink, a retired Bitcoin skeptic, recently admitted that his early views on Bitcoin were wrong.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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