2025-12-27 00:20:32

A legendary short-seller known for predicting the 2008 financial crisis has publicly criticized Bitcoin's fundamentals, comparing it to the infamous Dutch tulip mania. In his view, the world's largest cryptocurrency lacks intrinsic value and is driven purely by speculative fervor—a bubble waiting to burst like the historical asset bubble that captivated markets centuries ago. The comparison raises persistent questions about whether digital assets can maintain their market value absent tangible utility or cash flows.

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MiningDisasterSurvivor

· 12-27 11:23

Coming back with the same story? I've already been through the 2018 massacre, when Bitcoin was also being bearish. And look what happened... But on the other hand, this guy's point isn't entirely off. --- Tulip bubble? Laughing. I also shouted that back then, only to realize I was the biggest leek. --- I heard this argument during the 2018 mining crisis, and I'm still hearing it... but my account is indeed shrinking. --- Lack of cash flow really hits me; it's the same logic as EOS's Ponzi scheme. No one can pull that off. --- Alright, another prophet of "Bitcoin will eventually go to zero." Let's just wait and see. --- He talks nicely, but why doesn't he short it himself? I think it's all talk and no action. --- When the bear market comes, they come out to bounce, and when the bull market arrives, they get slapped in the face—just the same old story repeating. --- Tulip mania... Don't even mention it. I've read papers on that, and it's not that crazy. History loves to deceive.

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ReverseTradingGuru

· 12-27 00:42

Bro, when you mention Tulip Mania, I know he's panicking. The older the comparison, the less confident he is... BTC is still alive now.

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SilentObserver

· 12-27 00:41

Frustrated, it's that old tired rhetoric again... Is this guy really still hung up on this? --- I've said a hundred times that value theory is pointless, no one listens --- Gold doesn't have cash flow either, why isn't anyone criticizing it? --- That tulip comparison is really off the mark... The times are different, brother --- Anyway, every time I see his comments, it feels like he's just touching the heel of history --- Now it's all good, we're about to hear a bunch of people repeating "no intrinsic value" again --- Counter-indicator? Or do people really not understand new things? --- So, just because you called the 2008 crash once, you think you can do it for a lifetime? --- Wait, could it be that the bubble he's talking about is actually a disguised endorsement... --- I just want to know how his short positions are doing --- Honestly, can we come up with some fresh metaphors instead of these?

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JustHereForMemes

· 12-27 00:30

Laughing out loud, another prediction master is here, and this time it's about coins, right? Honestly, every time someone says it's a bubble, and yet it's still here. What about them? Can tulips be the same as Bitcoin? They're worlds apart. Do I just believe whatever people say? Wake up, everyone. Anyway, I don't understand much, so I just take it as entertainment.

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LoneValidator

· 12-27 00:25

Here we go again with this set? Always bringing up the tulip bubble, come on.

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