Is Michael Burry Accidentally Bullish On Bitcoin?

Group 1 - Michael Burry's recent post on Bitcoin patterns has sparked debate about whether it serves as a warning or a roadmap for investors [1][2] - The chart shared by Burry illustrates historical boom-bust cycles in Bitcoin, indicating potential for recovery despite current bearish sentiment [2][5] - The investment community is divided, with macro bulls like Bill Miller optimistic about Bitcoin's future, while others like Ray Dalio view it as a limited form of money [3][4] Group 2 - Current market sentiment is bearish, with ETF outflows and pressure on miners, yet Burry's chart could shift narratives towards potential recovery [5] - If investors interpret Burry's insights as a sign of possible recovery, it may lead to contrarian buying behavior that could drive prices up [5]