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.
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.
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.
Source: https://cryptobriefing.com/tokenization-in-finance-burry/
