Noticed that Michael Burry has once again stepped out of the shadows. The guy who, years before the 2008 crash, bet everything on a downturn and made billions from it, is usually silent. But when he speaks — people listen. And recently, he posted just one phrase: "Sometimes we see bubbles. Sometimes you need to do something about it. Sometimes — just don’t play."

It sounds simple, but there’s a specific stance behind it. Michael Burry has already sold almost his entire portfolio and opened short positions on Nvidia and Chinese stocks. The fund is betting that the current growth of the AI sector is another bubble, like the dot-coms in the early 2000s.

The context is clear: Nvidia has reached a historic market capitalization of $5 trillion. AI is everywhere — in news, startups, portfolios. Everyone is looking for the next growth. And here, Michael Burry reminds us of an old truth: bubbles exist. They grow. And then they burst.

Keynes once said that the market can remain irrational longer than you can stay solvent. This is about how, even if you’re right, you can go broke waiting for the market to listen to you.

Currently, there are two scenarios in the market. Either we are at the beginning of an euphoria that will last for years. Or we are already at the top, and history will repeat itself once again. History shows that when everyone shouts “this time it’s different” — it usually means nothing is different.

ETH is currently trading around $2.27k with a 2% decrease over the day. BNB is slightly up — $657. XRP at $1.44 with a decrease. The market seems to be waiting to see what happens next. Michael Burry has already made his choice. The question is — what will the rest of the herd do?