The New CS Board

[jumanji0881]

Inflation debate: Famous ‘Big Short’ investor signals risk as Fed's Powell downplays concerns : https://www.kitco.com/news/2021-02-24/Inflation-debate-Famous-Big-Short-investor-signals-risk-as-Fed-s-Powell-downplays-concerns.html

Excerpt:
Burry went on to say that in an inflationary crisis, the government would try to crush assets like gold and bitcoin.

“Prepare for inflation. Re-opening & stimulus are on the way. Pre-Covid it took $3 debt to create $1 GDP, and it is worse now. In an inflationary crisis, governments will move to squash competitors in the currency arena. BTC. Gold.”

Burry is short bitcoin at the moment, tweeting that the “long-term future is tenuous for decentralized crypto in a world of legally violent, heartless centralized governments with lifeblood interests in monopolies on currencies.”