Michael Burry, a hedge fund manager, commonly known as “The Big Short” has built a reputation for making predictions about the general financial markets, including cryptocurrencies. His notable prediction to date was the housing and subsequent market crash in 2008.
In general, Burry is a polarising figure in the world of investing. Indeed, with the cryptocurrency market gaining popularity in recent years, Burry has leveraged his Twitter account to make notable predictions and overviews regarding the sector. Finbold has therefore compiled the following predictions by Burry:
Prediction #1: Time for gold when crypto scandals merge into a contagion
In a deleted tweet on November 15, Burry stated that gold is likely to rise to the occasion, especially with the cryptocurrency sector being marred by different scandals. Notably, the 2022 market correction is partly due to scandals and bankruptcies that resulted in users losing significant amounts of money.
Burry noted that the scandals a
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