Sunday, October 17, 2021
Hedge-fund mogul John Paulson, who was behind the "the greatest trade ever" -- in 2007, he personally made $4 billion on his short of subprime mortgages -- thinks cryptocurrencies are a bubble that will prove to be "worthless." Michael Burry, the quirky hedge-fund manager made famous in The Big Short movie (played by Christian Bale), complains that no one is paying attention to crypto's leverage. For months, he has been suggesting that bitcoin is on the precipice of collapse.
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