Michael Bury delicately moves a chess piece financial, and that’s recently in his twitter account He wrote one word: ‘Sell’ (to sell, in his translation), What does this investor known for predicting the 2008 financial crisis want to tell us?
The Scion Asset Management hedge fund manager didn’t elaborate, but his comments aren’t hard to interpret. just hours before the United States Federal Reserve interest rate reportissued by the investor Financial Market Alert Which may also affect bitcoin and cryptocurrencies.
Berry explicitly urged investors Don’t be “fooled” by the recent rally in stocksThe benchmark S&P 500 index that stands as the index rose 6.2% in January, while the tech-heavy Nasdaq Composite rose 11%, marking its best January performance since 2001. Starting a debate between investors and traders in the crypto space.
Other Warning Tweets
“On January 23, the finance expert shared a dotcom crash market chart on twitter and said “mightAccording to NewsBtc, “it seemed to be circling a dead cat boom, where the S&P 500 rose 20% during the turn of the year from 2001-2002 and then fell 30%.”
Thus, the investor’s latest tweet can be interpreted as Barry Expects “Similar Scenario”, Possibly Triggered by Fed Announcement and the subsequent FOMC meeting.
Cryptocurrencies and the Domino Effect
A few weeks ago, Michael Bury was in the eye after the storm Claims about an “imminent total cryptocurrency collapse” After the crisis caused by the bankruptcy of FTX and BlockFi
In this regard, investors can rest assured that this collapse of crypto assets could lead to a domino effect that affects not only cryptocurrencies. If not for the rest of the properties as well, mainly for the functions.
