February 5, 2026
3 mins

Michael Burry Still Doesn’t Understand Bitcoin, and It Shows

Table of content

Example

One legendary market call can turn into permanent credibility.

Sometimes permanent bad timing.

At Saz, we respect what Michael Burry did in 2008. Seeing the housing collapse early was historic.

But since then, the pattern has been clear:

Collapse is always “right around the corner.”

The Post-2008 Track Record (Short Version)

2010–2012: Hyperinflation from money printing (never happened)
2015–2016: China-triggered global crash (markets recovered fast)
2019: “Everything is a bubble” (markets kept rising)
2021: “Sell” tweet (new highs followed)
2021: Shorted Tesla before it surged
2021–2023: Housing crash predictions that never came
2023: Big bearish bets right before a major rally

One incredible call.
Years of being early afterward.

And in markets, early usually means wrong.

Fear Without Catalysts Is a Losing Strategy

Burry nailed 2008 because the system was structurally broken.

Bad loans.
Broken incentives.
Forced failure.

Since then, most warnings have been macro anxiety.

Debt is high.
Bubbles exist.
Something feels off.

Those conditions exist in almost every expansion.

Markets crash when something breaks, not when fear gets loud.

The Schiff Pattern

This same mindset shows up with Peter Schiff and Bitcoin.

One early insight.
Then permanent collapse predictions.

Meanwhile:

Adoption grows.
Hashrate climbs.
Infrastructure expands.

Doom sounds smart.
Conviction compounds.

Where Bitcoin Mining Fits In

The moments when fear is loud are often the best times to build.

In mining, downturns usually mean:

Lower difficulty
Less competition
Better long-term sat accumulation

While crash prophets wait, disciplined miners position.

Talk With an Advisor (Who Doesn’t Worship Crash Prophets)

Markets are noisy.
Fear gets clicks.
Clarity builds wealth.

If you’re thinking about Bitcoin mining or stacking sats through cycles, talk with one of our advisors.

They’ll walk you through:

• Whether mining makes sense for you
• How cycles impact miners
• What stacking sats at cost really looks like

(We respect Burry’s 2008 call too. We just don’t plan our future around him.)

👉 Book a free consultation here:
https://www.sazmining.com/free-consultation

No hype.
No pressure.
Just clarity.

Table of contents

  • One Legendary Call, Years of Bad Timing
  • The Post-2008 Crash Predictions (Quick Timeline)
  • Why Fear Without Catalysts Fails in Markets
  • The Schiff Pattern and Bitcoin Bears
  • Why Downturns Are Prime Mining Opportunities
  • Talk With a Sazmining Advisor (Free Consultation)