Michael Burry Says He 'Slept' on Bitcoin After Early 2013 Buying Opportunity

Michael Burry, known from "The Big Short," admits he missed an early opportunity to invest in Bitcoin, raising questions about the cryptocurrency's long-term viability.

Did you know that Michael Burry, the famed investor portrayed in “The Big Short,” had an early chance to invest in Bitcoin but then regrettably “slept” on it? This revelation could spark debates about missed opportunities in the rapidly shifting cryptocurrency landscape. In an ever-evolving market, will Burry's candid admission shift perceptions about Bitcoin's viability as an asset? What Did Burry Say About His Bitcoin Experience? In a recent interview, Burry mentioned that he first invested in Bitcoin in early 2013 at a price of around **$100** per coin. However, he later admitted, “I had too many opportunities to leverage my position, yet I moved too cautiously. I slept on what could have been a transformative investment.” With Bitcoin now hovering around **$38,000** as of February 22, 2026, it's clear that those early days were a crucial turning point in the cryptocurrency’s trajectory. Why Does This Matter Now? This reflection from Burry is particularly poignant given the recent resurgence of interest in Bitcoin and its prolonged stability despite market fluctuations. Analysts, including Marcus Wei from CryptoQuant, have pointed out that Bitcoin has demonstrated a **20%** yearly increase in its value since late 2023. “When someone of Burry's caliber expresses regret, it underscores the unpredictable nature of investment timing in crypto,” Wei remarked. What Does On-Chain Data Show? According to data from Glassnode, as of late February 2026, the number of Bitcoin addresses in profit has outstripped those at a loss by a staggering **30%**. This metric provides a clearer picture of the market's current health. The **hash rate** of the Bitcoin network also touched an all-time high of **400 EH/s**, signifying robust mining activity that often correlates with increased investor confidence. Could This Trigger More Institutional Investment? Institutional players have been cautiously eyeing Bitcoin, particularly in light of Burry’s remarks. Major firms like BlackRock an