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‘Big Short’ Investor Who Predicted the 2008 Market Crash Has Stark Warning for Bitcoin: What Investors Should Do Next
Michael Burry is highly respected figure in the investing world. While he boasted a strong reputation prior to the Great Recession, his real claim to fame came after successfully shorting the 2008 housing crash, earning him the nickname “The Big Short.” Last week, he sounded the alarm to his Substack subscribers last week, predicting more headwind for the world’s biggest and most popular cryptocurrency, bitcoin. For context, bitcoin has shed $1 trillion over the last several months, according to Barron’s, with its price plunging almost 50% from its peak four months ago. Burry sees parallels between the ... (full story)
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