Michael Burry from “the big short”
All hype/speculation is doing is drawing in retail before the mother of all crashes. When crypto falls from trillions, or meme stocks fall from tens of billions, #MainStreet losses will approach the size of countries. History ain’t changed,” he wrote.
Crypto’s problem is in leverage, he said. “If you don’t know how much leverage is in crypto, you don’t know anything about crypto, no matter how much else you think you know.”
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