Big Short Michael Burry leaves Twitter after having gotten investors for sale

Big Short Michael Burry leaves Twitter after having gotten investors for sale

Michael Burry-the famous American investor and hedge fund manager who predicted the financial crisis in 2008-deleted his personal Twitter account.

In his latest tweet last night (February 1) he advised investors for "selling". Most markets, including cryptocurrency, increased sharply after the Federal Reserve increased the interest rates from 4.5 % to 4.75 %.

The markets are green

The 51-year-old American, who became known through the film "The Big Short", tweeted a word-selling yesterday-before the long-awaited FOMC meeting.

The Central Bank of the USA brought up the federal government by 25 basis points to 4.75 %. Despite the number of increasing number for the eighth time, the markets reacted positively. The NASDAQ has increased by almost 1.5 % in the last 24 hours, while the S&P 500 has risen by 0.5 %.

The cryptocurrency market is also well set up in the green area. Some assets rose in double digits, while Bitcoin exceeded the $ 24,000 mark for the first time since August 2022.

Burry deleted his tweet and shortly afterwards even extinguished his entire account. His decision triggered speculation in the financial world, with some argued that he had left the social media platform to avoid the criticism of his advice that has not previously been in its direction.

joked that this could be among the few cases in which the hedge fund manager missed his forecast, while Jim Cramer, the said

It is worth noting that Burry has deactivated its Twitter profile several times. He promised to stop with it at the end of last year and said that he trusted the new head of the platform, Elon Musk. However, he deleted his account hours after he had praised his lead.

his previous predictions

Burry claims in the summer of 2021 (when Bitcoin and most old coins were in a bull run) so that the "mother of all crashs" were Will hit cryptocurrency market. In fact, the sector went through a devastating year 2022, which brought a significant drop in prices and countless insolvencies from industry actors.

er advised investors to concentrate on gold after the collapse of the FTX, with the argument that the crypto world continues to suffer from the notorious disaster is.

The precious metal has risen by almost 12 % since Burry shared this forecast. On the other hand, Bitcoin has increased by over 40 %.

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