Bitcoin skeptic Michael Burry says he’s exploring tokenization

Key Takeaways

• Michael Burry, a known Bitcoin skeptic, is now exploring tokenization.
• Tokenization is expanding globally, with stablecoins strengthening the dollar's role.

Hedge fund manager Michael Burry, known for his skepticism toward Bitcoin and crypto, shared a tokenization article on X today, saying he was “learning” about it.

I am learning. #justkeepswimming

Beyond crypto: how tokenization is quietly rewiring markets | The Paypers https://t.co/y7zaveTruz

— Cassandra Unchained (@michaeljburry) December 9, 2025

The article, published by The Paypers, discusses how tokenization is becoming a major force in global finance, growing into a multibillion-dollar market.

The piece explains how tokenized dollars and stablecoins strengthen the dollar’s global role and shows how interoperability pilots demonstrate real-time movement of tokenized assets.

The post sparked a flurry of comments from members of the crypto community, as the “Big Short” investor recently compared Bitcoin to the tulip bubble and challenged its valuation and practical use.

“Welcome back, [I’ll] take this as the big long for crypto,” an X user commented.

Some users suggested that Burry should take a closer look at Bitcoin.

Tokenization has seen strong institutional adoption throughout the year, with BlackRock CEO Larry Fink as one of the tech’s biggest advocates. He believes it is at a development stage similar to the internet in 1996, poised for substantial growth.

Fink, a retired Bitcoin skeptic, recently admitted that his early views on Bitcoin were wrong.