Crypto as a ‘Monster’ Bubble
"Cryptos are the biggest financial bubble ever in history,” said Bernstein. As of Friday’s market close, bitcoin is off about 30% over the past month. It’s still up 63% so far this year.
Michael Burry on Social Media
Michael Burry has deleted his Twitter account once again. He ditched some of his biggest bearish bets.
The Big Short
In the movie adaptation of Lewis’ book, The Big Short, Eisman’s name was changed to Mark Baum, and was portrayed by actor Steve Carell. He left FrontPoint Partners in 2011 amid investor withdrawals following an investigation of illegal insider trading by portfolio manager Chip Skowron.
The Big Short
Its seeds were sown early in the decade, with cheap credit and lax lending standards fueled a housing bubble—an upward spiral in home prices as borrowers took advantage of low mortgage rates.
Michael Burry’s Tweets
The Big Short’s Michael Burry deleted his Twitter account after Elon Musk called him ‘a broken clock’ over Tesla criticism.
Does Michael Burry Own Bitcoin?
Hedge fund manager Michael Burry confirmed that he isn’t short Bitcoin (CRYPTO: BTC) despite his belief that cryptocurrencies are in a bubble.
Short Squeeze Legality
Short squeezes are illegal. Any brokerage that knowingly allowed a short squeeze to continue without taking action could have potentially massive legal liabilities.