Investor Michael Burry warns that cryptocurrencies are in the bubble!

Well-known investor and hedge fund manager Michael Burry, known for predicting the financial crisis in 2008, confirmed that despite various speculations, BTC did not sell.

Apparently, the investor plans to evaluate

Famous investor and founder of a private investment company Scion Asset Management, Michael Burry, in an interview with CNBC, confirmed that he personally does not “short” BTC or any other cryptocurrencies.

Michael Burry became famous for becoming the first investor, which foresaw and benefited from the mortgage crisis in the US, which occurred in 2008. It is even written about in the book The Big Short by Michael Lewis.

“No, I didn’t sell any cryptocurrencies or BTC at all. And I’m not planning to do that at the moment. I believe that cryptocurrencies are currently in a bubble and that most of the people who invest in them don’t even really understand them,” says Michael Burry in an interview.

Michael Burry vs. Twitter

Many people in the crypto-community believed that M. Burry shortened BTC when the price fluctuated about $ 30,000. Burry published BTC’s price chart and indicated that it was probably a good time to sell. However, the investor never confirmed or denied whether BTC had really sold.

“Okay, I’ve never done this before. In such uncertain and volatile situations, I tend to think that it would be best not to sell the position.” Burry commented on his post

The investor even deleted his Twitter account, which caused some people to suspect him or even ridicule him of “leaving” the social network for the answers and criticism that came from his followers.

Recall that Michael Burry recently criticized the Shiba Inu (SHIB) token after the price of the coin rose by 230%.