‘Big Short’ sage Michael Burry ticks off market ‘crash’ checklist as meme stocks, crypto struggle

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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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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