'Big Short' investor Michael Burry says Tesla's $1.5 billion bet on Bitcoin was a distraction - and Dogecoin's record price signals a massive bubble

From markets.businessinsider.com

Michael Burry questioned Tesla's Bitcoin investment and sounded the alarm on Dogecoin's record price in a series of now-deleted tweets on Monday. "Chinese regulators summon Tesla on quality issues as consumers complain about quality ... but $TSLA bought $BTC," the Scion Asset Management boss tweeted, using the tickers for Tesla and Bitcoin. "In my mind's eye, so much #digitalconfetti." In other words, Burry thinks Tesla may have timed its $1.5 billion purchase of Bitcoin to distract from its China troubles. Burry, whose billion-dollar bet on a US housing-market collapse was chronicled in Michael Lewis' book "The Big ... (full story)