American investor Michael Burry, who predicted the housing market crash in 2008, published his first blog post since April 2023 today. In his latest post, Burry warned that financial markets are once again in a bubble, adding that «the only winning move is not to play.»
The post, which referenced the 1983 film WarGames, was measured rather than alarmist. Berry suggested that while markets appear oversaturated, the most rational course of action might be to avoid participating.
Although Burry is known for his bearish positions, recent reports on his portfolio indicate a strategic shift. In mid-2025, his firm, Scion Asset Management, replaced $186 million worth of bearish put options with $522 million worth of bullish call options on nine stocks. These included Estée Lauder, Lululemon, Alibaba, and JD.com, suggesting a cautious rather than outright pessimistic outlook. According to Business Insider, Scion’s holdings expanded from seven to fifteen positions between March and June.
Berry’s post comes amid a widespread decline in the cryptocurrency market. Bitcoin has fallen almost 4,5% in a month, but is still trading near its record high. Major tokens such as эфириум, Solana и XRP, are still trading more than 40% below their peak.