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Michael Burry Bitcoin - SHOCKING Position REVEALED | Massive Hyper Inflation BET...
Michael Burry Bitcoin - His SHOCKING Position REVEALED | Massive Hyper Inflation BET... Ft. Cathie Wood & Ray Dalio.
Are we about to see the biggest crash we have seen in world history across every asset class? Stock markets, Bitcoin, Cryptocurrency, Gold all wiping out trillions of dollars of value orders of Magnitude larger than the 2008 financial crisis or the Dot com Bubble of early 2000.
Famed investor Michael Burry, famous for correctly predicting and making his fortune off the 2008 crash, has again begun sounding alarm bells that we are about to witness the mother of all crashes, in the midsts of the greatest speculative bubble of all time. Not only is he sounding off the alarm bells about an upcoming crash, Burry has also put his money where his mouth is and is making his largest BET YET on not only a stock market crash but against out-of control inflation.
And judging by the inflation numbers that came out yesterday and EXCEEDED expectations, it looks like he’s right once again.
So WHAT is going on here? Why does Michael Burry think we are headed for armageddon and what should investors do? Is any asset class safe?In this video we will analyse what Burry thinks is going on, how he has personally positioned his own investment portfolio to profit from a crash and finally what other investors such as Ray Dalio and Cathie Wood have to say about it.
Michael Burry rose to prominence and is best known for being the FIRST investor to foresee and take a huge short position from the subprime mortgage crisis we saw unfold in 2008.
Michael Burry was so confident in the bet against the housing market that he took a position of 8.4 Billion dollars in Credit Default Swaps, essentially shorting the housing market. The huge bet eventually paid off and Michael Burry netted a cool 800 Million dollar profit off his position.
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