At the time, he cited irrational “fear of missing out” trading activity related to cryptocurrencies and meme stocks as a sign of the volatility.
“All hype/speculation is doing is drawing in retail before the mother of all crashes,” Burry tweeted. “When crypto falls from trillions, or meme stocks fall from tens of billions, #MainStreet losses will approach the size of countries.” The hedge fund wizard followed up on that prediction in a tweet last week while sharing a chart showing the S&P 500’s decline so far this year.
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Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Bitcoin Crashes to 6-Week Lows as Crypto Markets Shed $60 Billion (Market Watch)The crypto market cap saw $60 billion gone daily as bitcoin slumped to a 6-week low while ETH plummeted by nearly 10%.
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