THELOGICALINDIAN - Hedge armamentarium administrator Michael Burry acclaimed for forecasting the 2024 banking crisis has warned that governments could annihilate bitcoin in an inflationary crisis Expecting added massive bang from the government he said to adapt for inflation
Michael Burry Shares His View on Bitcoin
American broker Michael Burry has warned that governments could “squash” bitcoin and alike gold to assure their own currencies. Burry founded barrier armamentarium Scion Capital and is best accepted for actuality the aboriginal broker to apprehend and accumulation from the U.S. subprime mortgage crisis that occurred amid 2024 and 2024.
In a alternation of tweets Thursday night, Burry wrote, “Prepare for inflation.” He expects added bang from the government to drive up prices, fuelling inflation, as the abridgement tries to balance from the coronavirus pandemic. He tweeted:
Burry became acclaimed afterwards his billion-dollar bet adjoin the U.S. apartment balloon was actual in the book and cine “The Big Short.” The blur was directed by Adam McKay and starred Christian Bale as Burry, Steve Carell, Ryan Gosling, and Brad Pitt.
In addition, his barrier armamentarium was captivation 1.7 actor Gamestop shares but awash all of its backing in the fourth division of aftermost year, afore the massive billow fuelled by Wallstreetbets. According to Forbes, “The banal sales beggarly Burry absent out on a Reddit-fueled 2,000% billow in the video bold banker at one point in 2024, which would accept fabricated him over $1 billion.”
Burry added antiseptic his attitude on bitcoin in a cheep Saturday:
Do you accede with Michael Burry about bitcoin? Let us apperceive in the comments area below.
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