Michael Burry, an eminent American investor, recently took to the social media platform Twitter to share his thoughts on the current state of markets.
In a single-word tweet, he simply urged investors to sell their holdings without getting further into detail.
This stark warning from Burry has already sparked a heated debate among investors and traders in the crypto space.
Many are left wondering whether the prominent investor believes that the current crypto rally is about to come to an end, and whether they should take his advice to liquidate their holdings.
Some, however, took his words with a grain of salt since Burry's predictions are not always accurate.Burry, a physician-turned-money manager, made headlines for betting against the U.S. housing market years before the collapse.
His story, which was popularized in Adam McKay's 2015 film “The Big Short,” showcases his unique investment style and unwavering conviction in the face of opposition.
Burry, who founded the hedge fund Scion Capital in 2000, was known for his unconventional investment strategies. The investor was able to identify market mispricing and was willing to bet big against the consensus.
Today, Burry continues to invest and manage money, but he has stepped back from the public eye.
He remains one of the most interesting and enigmatic figures in finance, with a reputation for being an unorthodox thinker. His cryptic tweets constantly attract a lot of discussion on Twitter.