Although bitcoin was setting a new all-time high around $125,000 as recently as October, the price of the world’s largest and most popular crypto asset is now down roughly 40% since those good times, ...

Almost half a trillion dollars has been wiped off cryptocurrencies in less than a week as a selloff led by Bitcoin accelerated.

For Burry, there is no bottom. There is no valuation model for Bitcoin because “there is no organic use case reason for Bitcoin to slow or stop its descent.”

“The Big Short” investor Michael Burry has often been critical of cryptocurrencies.