Michael Burry's $1.5 Billion Short: 'Premature Move' or Market Insight, Crypto Expert Weighs In

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The 'Big Short' hero's move might be premature, suggests crypto analyst

The discussion becomes even more intriguing when we look at the expected trajectory of the DXY . There is a prevailing sentiment that it is just a matter of time before the DXY plunges, which would consequently elevate risk assets. But this anticipated boost could very well be the"final leg up" before the market undergoes a profound correction.

In the past, Michael Burry has displayed an uncanny ability to read the signs and act decisively, even if ahead of the curve. His enormous short bet against the U.S. housing bubble in the mid-2000s is now the stuff of legend and was famously chronicled in the movie"The Big Short." But it is also worth noting that such foresight is often accompanied by a period of waiting and, at times, facing skepticism.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Michael Burry of ‘The Big Short’ fame reveals potential big bets against the market, tech stocksMichael Burry, known for calling the subprime mortgage crisis, just unveiled potential massive bets against the stock market.
Source: CNBC - 🏆 12. / 72 Read more »

Big Short 2.0: Did Bitcoin Critic Michael Burry Just Bet Big Against Market?Michael Burry, the finance maverick immortalized in 'The Big Short,' has reportedly bet heavily against two of the stock market's flagship indices
Source: Utoday_en - 🏆 295. / 63 Read more »

Investor who predicted the housing crisis makes massive bet against stock marketInvestor Michael Burry has taken a huge short against the U.S. stock market, to the tune of more than $1.6 billion.
Source: dcexaminer - 🏆 6. / 94 Read more »