Big Short 2.0: Did Bitcoin Critic Michael Burry Just Bet Big Against Market?

According to the Michael Burry Stock Tracker account on social media, Burry has invested $890 million in puts against SPY, which tracks the S&P 500, a benchmark for large-cap U.S. stocks, and $740 million in puts against QQQ, an ETF following the NASDAQ-100 Index, representing 100 of the largest non-financial companies on thestock exchange. These short positions now purportedly make up an eye-catching 93% of his entire portfolio.

The short positions caught the attention of many crypto enthusiasts who believe that Bitcoin could act as a hedge if such a crash occurs. However, the announcement has met with a wave of scrutiny from social media users well-versed in the intricacies of financial reporting. Some noted that the data may be somewhat stale, sourced from a June 30 13F report, suggesting

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Michael Burry of ‘The Big Short’ fame reveals potential big bets against the market, tech stocksMichael Burry, known for calling the subprime mortgage crisis, just unveiled potential massive bets against the stock market.
Source: CNBC - 🏆 12. / 72 Read more »

'Big Short' Michael Burry's inventory warning proven right by Maersk'Big Short' investor Michael Burry rang the alarm on bloated inventories last year. Maersk's shipping slump suggests he was right to worry.
Source: BusinessInsider - 🏆 729. / 51 Read more »

'Big Short' trader Michael Burry loaded up on bearish options in second quarter, filing showsMichael Burry, who rose to fame for his winning bets during the subprime crisis, loaded up on put options on the S&P 500 in the second quarter, a filing showed.
Source: MarketWatch - 🏆 3. / 97 Read more »

Burry, famous for 'Big Short,' bought bearish options against S&P, Nasdaq 100Michael Burry, the money manager made famous in the book and film 'The Big Short,' held bearish options against the broad S&P 500 and Nasdaq 100 Index at the end of the second quarter, according to securities fillings released on Monday.
Source: Reuters - 🏆 2. / 97 Read more »

Watch Michael Bublé Cover Michael Bublé (With the Foo Fighters)At Outside Lands 2023.
Source: NYMag - 🏆 111. / 63 Read more »

Michael Bublé posed as a Michael Bublé fan to perform with Foo Fighters | CNNMichael Bublé made a surprise appearance at a Foo Fighters show on Saturday in San Francisco.
Source: CNN - 🏆 4. / 95 Read more »