Michael Burry has a lot to say about Bitcoin and EV Stocks and some investors may not like that

If you don't know about Michael Burry, please read his biography, click this link to read about him. With that said, he is going against Bitcoin investment, he thinks Bitcoin is a bubble waiting to bust and he compared it a speculative bubble.

Investor Michael Burry also added that the Central bank will never back down to allow Bitcoin to serve as a way to store value. "#BTC

"Regarding Bitcoin, will central banks ever use it as a store of value, or will they be compelled to handicap it and relegate it to niche status like so many promissory notes?  Long-term, this is what matters in a world of centralized, powerful, violent and ruthless governments".

He is convinced that Bitcoin will not go far even if what most smart people think about it is correct.

" is a speculative bubble that poses more risk than opportunity despite most of the proponents being correct in their arguments for why it is relevant at this point in history, If you do not know how much leverage is involved in the run-up, you may not know enough to own it." Michael Burry wrote on Twitter.

About EV stocks, Scion Capital boss Micheal burry also called it a bubble in a tweet that he deleted from his page.