Michael Burry Reveals Good Use Case for Bitcoin - U.Today

BTC4,14%

Hedge fund manager Michael Burry, who rose to worldwide fame by correctly predicting the 2008 global financial crisis, has publicly praised a charitable use case for Bitcoin.

On social media, Burry, who posts under the handle Cassandra Unchained, endorsed cryptic donations to Little Wishes, a 501©(3) nonprofit organization dedicated to granting wishes for chronically and critically ill hospitalized children

“Bitcoin for Little Wishes is a good use of $BTC,” Burry said in an X post

Little Wishes, which was founded in 2003, has a long track record of granting over 36,000 wishes across 46 hospitals in the United States.

The organization facilitates both immediate and ongoing wishes that include small personal items to experiences that bring comfort and joy to children facing serious medical challenges

The nonprofit confirmed that supporters could contribute Bitcoin directly through a dedicated platform on Every.org in response to questions about cryptocurrency donations

Burry’s views on Bitcoin

Bitcoin is often criticized for its volatility and use in speculative investment, but this shows that the cryptocurrency is also used for philanthropy. Accepting Bitcoin can open up new donor demographics, including younger or tech-savvy contributors who might prefer using digital currency over traditional payment methods.

card

Burry, who rose to prominence after predicting the subprime mortgage crisis, is known as a longtime critic of the leading cryptocurrency. Most recently, in a December 2025 podcast with author Michael Lewis, Burry offered some of his bluntest public comments on Bitcoin.

He opined that Bitcoin going to $100,000 was “the most ridiculous thing.” adding that it is “not worth anything.”

The “Big Short” hero even invoked the infamous 17th‑century Dutch tulip bubble

Earlier, he warned that leverage was the main problem with crypto

However, the post shows that he might be warming up to the leading cryptocurrency based on his recent social media post

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin Outperforms Risk Assets and Oil Amid Market Volatility - Coinspeaker

Bitcoin (BTC) is demonstrating unexpected resilience against broad market sell-offs, outperforming traditional equities as oil prices surge past $100 a barrel. BTC USD maintained $70,000 even as the Nasdaq and S&P 500 staged steep early losses following escalating geopolitical conflicts in the

Coinspeaker3m ago

Strategy Perpetual Preferred Stock STRC traded with a volume of $299.4 million yesterday, reaching a new high in 2026

Gate News Announcement: On March 10, the trading volume of Strategy's perpetual preferred stock STRC reached a new high in 2026 yesterday (March 9), totaling $299.4 million, exceeding the face value of $100. Based on the current price, this amount of funds could support the purchase of 1,360 BTC.

GateNews11m ago

Best Crypto To Buy Now: Saylor Hints At Fresh Bitcoin Buy While Dogecoin Teases Rebound, But DeepSnitch AI Gears For Super Launch As 500x Projections Draw Investors

Bitcoin sentiment turned bullish again after Strategy co-founder Michael Saylor hinted that the company could be preparing another BTC purchase. Historically, signals like this have triggered renewed attention across the crypto market, with investors already scanning the market for

CaptainAltcoin13m ago

Whale address 0x8af's holdings in the three major markets have turned profitable, with a 24-hour unrealized profit of $3.1 million.

On March 10th, the whale address 0x8af, due to the rebound in crude oil, stock markets, and the crypto market, has a floating profit of $3.1 million, with a total floating profit of $7.47 million. By shorting crude oil and going long on US stocks and Bitcoin, it successfully turned losses into gains. The current holdings include 10x leveraged Nasdaq, multiple Bitcoin, and crude oil futures.

GateNews13m ago

Wintermute: From a 12-18 month perspective, BTC's current price is quite attractive

Wintermute analyzes market conditions, believing that macro factors dominate, and cryptocurrencies are showing resilience with weakened correlation to stocks. Currently, the leverage in the cryptocurrency market is relatively low, resulting in less selling pressure. Although there is still room for further decline, deleveraging seems to have passed, and whether the future performance can be sustained remains to be seen. The FOMC meeting is a recent catalyst.

GateNews17m ago

Bhutan offloads Bitcoin! Transfers out 175 BTC from reserves again. Arkham analysis: last time it was sold to QCP Capital

Bhutan's Sovereign Wealth Fund Druk Holding recently sold 175 Bitcoins for approximately $11.85 million, having conducted multiple Bitcoin transactions before. Since 2019, Bhutan has relied on hydropower for mining and has mined about 13,000 Bitcoins. Bitcoin proceeds are used for public services and environmental projects.

動區BlockTempo18m ago
Comment
0/400
No comments