'The Big Short' investor warns that the "mother of all crashes" is coming

Casual investors buying meme stocks and cryptocurrencies are signing up for devastating losses, Michael Burry warned last week.

The Scion Asset Management boss also sounded the alarm on crypto fans borrowing recklessly to buy their favourite coins. He believes that excessive leverage is the main problem for crypto.

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Good time to buy then

Same story every cycle. HODL!

Historically, the biggest gains in crypto have been when stock markets are in bear. If the stock markets fall, for a brief moment crypto will fall too (the knee-jerk reaction) but the corellation will quickly become negative between stocks and crypto! Soooo…