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Big Short 2.0: Did Bitcoin Critic Michael Burry Just Bet Big Against Market?

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Eagle-eyed market observers cry foul, hinting at potential data discrepancies BigShort2.0

According to the Michael Burry Stock Tracker account on social media, Burry has invested $890 million in puts against SPY, which tracks the S&P 500, a benchmark for large-cap U.S. stocks, and $740 million in puts against QQQ, an ETF following the NASDAQ-100 Index, representing 100 of the largest non-financial companies on thestock exchange. These short positions now purportedly make up an eye-catching 93% of his entire portfolio.

The short positions caught the attention of many crypto enthusiasts who believe that Bitcoin could act as a hedge if such a crash occurs. However, the announcement has met with a wave of scrutiny from social media users well-versed in the intricacies of financial reporting. Some noted that the data may be somewhat stale, sourced from a June 30 13F report, suggesting

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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.
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