Where the Comment is King

THE NEWS COMMENTER

VOTE  (0)  (0)

'Big Short' investor Michael Burry teases a bet against crypto - and warns market speculation has reached historic levels

Added 10-14-21 04:14:02am EST - “Burry asked on Twitter about the mechanics of shorting digital coins, adding that he was only considering taking a position against them.” - Markets.businessinsider.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Markets.businessinsider.com: “'Big Short' investor Michael Burry teases a bet against crypto - and warns market speculation has reached historic levels”. Below is an excerpt from the article.

Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy.

Disclaimer | Accessibility Statement | Commerce Policy | Made In NYC | Stock quotes by finanzen.net

Michael Burry, who made his name and fortune by betting against the housing bubble, has set his sights on a new target: cryptocurrencies.

"Ok, I haven't done this before, how do you short a cryptocurrency?" he said in a now-deleted tweet this week. "Do you have to secure a borrow? Is there a short rebate? Can the position be squeezed and called in?"

Burry, whose massive wager against subprime mortgages was immortalized in the book and the movie "The Big Short," emphasized that he was only considering taking a position against crypto.

Read more...

If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.

CLICK TO SHARE

BACK TO THE HOME-PAGE