The hero of the “Big Short” predicted a continuation of the fall in the price of bitcoin

The hero of the “Big Short” predicted a continuation of the fall in the price of bitcoin

Hero

Michael Burry, an investor who predicted the 2007 mortgage crisis, admitted that the current market situation is the middle of a bearish cycle for bitcoin.

Became the prototype of the hero of the film «The game for a fall» the investor believes that the first cryptocurrency may continue to fall.

Regarding Burry's business, users reminded that the investor specializes in short positions. In October 2021, he became interested in the possibility of shorting cryptocurrencies.

Burry was one of the first to predict the collapse of the US mortgage market. He bet all the money of the Scion Capital hedge fund he founded against CDO mortgage bonds and managed to capitalize on the crisis.

In 2015, based on the book by American writer and journalist Michael Lewis, which describes the events of those days, the film “The Game of for a fall.” Burrie is played by Christian Bale.

The hero of the

Bale as Burry. Data: Streaming Craze.

Recall that Arcane Research researchers compared the drawdowns of the first cryptocurrency in past market cycles. In their opinion, the potential for a decrease in the price of bitcoin remains to the level of $10,350.

Deutsche Bank strategists believe that cryptocurrency quotes may rise to $28,000 by the end of the year against the background of the recovery of the Nasdaq 100 and S&P 500 indices.< /p>

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