Burry is best known for his bet against subprime mortgages in “The Big Short.”
‘Worse than 2008’: ‘Big Short’ investor Michael Burry says current economic downturn could top Great Recession
“The Big Short” sage Michael Burry revealed he’s up to some of his old tricks during this latest period of market upheaval. Burry, whose bet against subprime mortgages were immortalized in the 2015 film, made a cryptic reference to new short positions on his Twitter account on Tuesday night.The Scion Asset Management boss did not reveal the assets or stocks on which he is currently short.collapse of cryptocurrency trading platform FTXThe investor touched on the ongoing cryptocurrency bloodbath in a separate tweet, noting that gold could re-emerge as a preferred refuge.
“Long thought that the time for gold would be when crypto scandals merge into contagion,” Burry tweeted.
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