Experts explain what ‘Big Short’ Michael Burry’s stock exit means for crypto

2022.08.17 18:21

Experts explain what ‘Big Short’ Michael Burry’s stock exit means for crypto

Michael Burry, the investor who famously shorted the 2008 housing bubble, has dumped nearly all the stocks in his portfolio during Q2, suggesting there may be carnage ahead for stock and crypto markets.

According to a 13F disclosure filed with the Securities and Exchange Commission (SEC) on Aug. 15, Burry’s hedge fund Scion Asset Management shed around $292 million worth of shares across companies from Apple (NASDAQ:AAPL) and Meta to pharmaceuticals giant Bristol-Myers Squibb (NYSE:BMY), leaving only a minor position in a private prison company.

Burry’s predictions

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