Bitcoin Tops $82K as Burry Warns of Imminent Stock Crash
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Bitcoin briefly touched $82,026 overnight before trading just over $81,000 in Asian morning hours, with Solana and DOGE leading major altcoin gains at roughly 2% on the day while BNB added 1.7% and ether slipped 0.8%.
- Michael Burry warned in a Substack post that the Nasdaq 100 trades at 43 times earnings — well above an implied ~30x — and likened the setup to "the scene of the bloody car crash, minutes before it happens."
- Burry flagged the Philadelphia Semiconductor Index's 70% rally since end of March as a parabolic surge, advising readers to take profits and warned that "Wall Street may be overstating by more than 50% the earnings at our fastest growing, most highly valued companies."
- Brent crude jumped almost 1% past $105 a barrel after President Donald Trump cast doubt on the Iran ceasefire, raising fears of a prolonged Strait of Hormuz closure.
- The 10-year Treasury yield climbed to 4.42% and the dollar strengthened against all G-10 peers on haven demand, while Asia's Kospi slid as much as 5.1% intraday after a senior South Korean policymaker proposed a citizen dividend funded by taxes on AI profits.
- The S&P 500 closed at a record high Monday, capping a six-week winning streak of more than 16% — its strongest run since the global financial crisis — with U.S. futures edging lower into Tuesday's U.S. inflation print that could shape Federal Reserve rate decisions.
Why it matters: Burry's call that the Nasdaq 100 trades at 43x earnings versus an implied 30x, combined with Brent past $105 on Trump doubting the Iran ceasefire, puts the S&P 500's 16% six-week rally and Bitcoin's push past $82,000 at a fragile juncture ahead of Tuesday's U.S. inflation print.
