Billionaire Spreads FUD to Pump His Gold Bags

Takeaways Billionaire investor John Paulson says crypto is “worthless” Paulson is a massive gold bug, saying it will “go parabolic” Paulson admits he is too scared to short Bitcoin Paulson was the man who bet against the housing market as seen in the ‘big short’. We’ve seen it all before. Gold bugs have traditionally come […]

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'Big Short' author Michael Lewis almost ready to publish book on SBF

The author didn’t want to give away too many details on the book, but did note that his recounting of the FTX collapse "aims to read like a piece of fiction."

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Total Liquidations Cross $150 Million As Bitcoin Climbs Above $26,000

Regardless of the movement of the Bitcoin (BTC) market, traders’ positions are still recording some ebb and flow. While some are in profit, others are writing down losses. According to data provider Coinglass, there has been a record of more Bitcoin traders with losses over the past 24 hours. Notably, Bitcoin traders that are currently [...]

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Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming

Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between the current banking turmoil and the Panic of 1907. He noted that three weeks after J.P. Morgan made a stand, the panic was resolved and the markets bottomed. “A stand was made this past weekend,” the famous investor [...]

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‘Big Short’ Investor Michael Burry Says He Was Wrong to Advise Selling; Congratulates ‘BTFD Generation’

Famed “Big Short” investor Michael Burry tweeted Thursday, telling his 1.4 million followers, “I was wrong to say sell.” The tweet follows Burry’s warning for months that the U.S. was headed for an “extended multi-year recession” and his decision to dump all of his stocks but one in August 2022. Burry: ‘I Was Wrong to [...]

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