{"id":51229,"date":"2021-10-14T20:05:12","date_gmt":"2021-10-14T17:05:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51229"},"modified":"2025-09-02T22:31:31","modified_gmt":"2025-09-02T19:31:31","slug":"the-big-short-figure-weighs-the-prospect-of-shorting-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/the-big-short-figure-weighs-the-prospect-of-shorting-cryptocurrencies\/","title":{"rendered":"The &#8216;Big Short&#8217; figure weighs the prospect of shorting cryptocurrencies"},"content":{"rendered":"<p>The investor Michael Burry, who predicted the 2007 mortgage crisis, is examining the possibility of taking a short position in cryptocurrencies. The founder of the Scion Capital hedge fund asked his followers on Twitter how this could be done.<\/p>\n<p>Burry tends to delete his published tweets, but the Michael Burry Archive account preserved the post.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"und\" dir=\"ltr\"><a href=\"https:\/\/t.co\/a3g6lZTRw8\">pic.twitter.com\/a3g6lZTRw8<\/a><\/p>\n<p>\u2014 Michael Burry Archive (@BurryArchive) <a href=\"https:\/\/twitter.com\/BurryArchive\/status\/1448486004730568704?ref_src=twsrc%5Etfw\">October 14, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cOkay, I haven&#8217;t done this before, how can one open a short position in cryptocurrency? Do you need to provide a loan? Is there a <a href=\"https:\/\/www.sandhillglobaladvisors.com\/blog\/the-short-rebate-what-is-it-and-why-should-i-care\/\">short rebate<\/a>? Could a squeeze or a margin call occur? With this volatility I&#8217;m inclined to think that it&#8217;s better not to short, but I&#8217;m thinking aloud here,\u201d \u2014 wrote the investor.<\/p>\n<\/blockquote>\n<p>Burry has repeatedly criticised cryptocurrencies, <a href=\"https:\/\/markets.businessinsider.com\/news\/currencies\/big-short-michael-burry-says-bitcoin-speculative-bubble-crash-coming-2021-3?utm_source=markets&#038;utm_medium=ingest\">\u043d\u0430\u0437\u044b\u0432\u0430\u044f<\/a> the market for digital assets an economic bubble.<\/p>\n<p>Last week the founder of Scion Capital <a href=\"https:\/\/u1f987.com\/en\/news\/shiba-inu-meme-token-overtakes-uniswap-litecoin-and-avalanche-in-market-capitalization\">rose more than 30% in a day<\/a>, which allowed him to surpass Uniswap, Avalanche and Litecoin in market capitalization.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cJust to say, one quadrillion seconds is about 32 million years. One quadrillion days is 2.7 trillion years, or all the time since the universe began, multiplied by 71,000. In other words, it&#8217;s meaningless,\u201d \u2014 wrote him.<\/p>\n<\/blockquote>\n<p>Burry was one of the first to predict the collapse of the U.S. housing mortgage market. He bet the entire capital of his Scion Capital hedge fund against mortgage-backed securities <a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%9E%D0%B1%D0%B5%D1%81%D0%BF%D0%B5%D1%87%D0%B5%D0%BD%D0%BD%D1%8B%D0%B5_%D0%B4%D0%BE%D0%BB%D0%B3%D0%BE%D0%B2%D1%8B%D0%B5_%D0%BE%D0%B1%D1%8F%D0%B7%D0%B0%D1%82%D0%B5%D0%BB%D1%8C%D1%81%D1%82%D0%B2%D0%B0\">CDO<\/a> and profited from the crisis.<\/p>\n<p>In 2015, based on the book by American writer and journalist Michael Lewis, which chronicles the events of those days, the film \u201cThe Big Short\u201d was released. Christian Bale played Burry in it.<\/p>\n<p>Earlier in June, the founder of Scion Capital <a href=\"https:\/\/u1f987.com\/en\/news\/the-big-short-figure-warns-of-a-crash-in-the-cryptocurrency-market\">warned followers about the collapse of the cryptocurrency market<\/a>, noting that \u201cretail investor losses would be on the scale of countries.\u201d<\/p>\n<p>Read ForkLog&#8217;s bitcoin-news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 news on cryptocurrencies, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The investor Michael Burry, who predicted the 2007 mortgage crisis, is examining the possibility of taking a short position in cryptocurrency. The founder of the Scion Capital hedge fund asked his followers on Twitter how this could be done.<\/p>\n","protected":false},"author":1,"featured_media":51230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269],"class_list":["post-51229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=51229"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51229\/revisions"}],"predecessor-version":[{"id":51231,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51229\/revisions\/51231"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/51230"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=51229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=51229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=51229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}