24/7 Wall Street
18 May 2026, 14:04 UTC · 3d ago
Source · https://247wallst.com/investing/2026/05/18/michael-burry-warns-of-a-nasdaq-dot-com-bubble-is-bitcoin-a-hedge-or-casualty/
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Story key points
4 claims · impact-rated
The U.S. Senate Banking Committee passed the CLARITY Act, classifying Bitcoin as a digital commodity. — This provides critical regulatory certainty and is expected to unlock billions in institutional capital.
+0.80Michael Burry warns that the current AI-driven Nasdaq rally mirrors the irrational final stages of the dot-com bubble. — A warning from a high-profile contrarian regarding a systemic bubble can trigger profit-taking and increase risk aversion in tech.
-0.60Bitcoin's correlation to the Nasdaq reached a record 0.96 in April 2026. — High correlation means Bitcoin is currently acting as a high-beta tech asset rather than a hedge, increasing its vulnerability to a tech selloff.
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The Shiller CAPE ratio has reached 40.1, a level historically associated with poor long-term returns. — Extreme valuation metrics suggest the broader equity market is overvalued, signaling potential long-term headwinds.
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Ticker attribution
Model heads
Stock surged following the passage of the CLARITY Act through the Senate Banking Committee.
Stock jumped significantly due to positive regulatory developments for Bitcoin.
Mentioned as part of a rally that Michael Burry warns mirrors the irrational dot-com bubble.
Mentioned as part of a rally that Michael Burry warns mirrors the irrational dot-com bubble.
Mentioned as part of a rally that Michael Burry warns mirrors the irrational dot-com bubble.
Analysts' assumptions for ETF inflows may be revised higher following the CLARITY Act progress.
[mutual] Both are listed as giants in the Philadelphia Semiconductor Index tracking AI-driven growth.
[mutual] Both are listed as giants in the Philadelphia Semiconductor Index tracking AI-driven growth.
[mutual] Both are listed as giants in the Philadelphia Semiconductor Index tracking AI-driven growth.
