Michael Burry (from The Big Short) is known for predicting inventory market crashes. From the inflation disaster we’re seeing now (courtesy of the Federal Reserve), to the Housing Bubble of 2008 and the Dot Com bubble earlier than that. Now he is predicting an even bigger crash. This time in cryptocurrencies like Bitcoin and Ethereum. Today we glance into what Burry has to say about these speculative belongings, and whether or not traders ought to look into them or not.
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★ ★ CONTENTS ★ ★
0:00 Michael Burry Predicts the Stock Market Crash
0:20 Michael Burry Predicts the Collapse of Cryptocurrencies
2:24 Will Governments Block It?
3:40 Ray Dalio’s Opinion on Bitcoin
4:30 Bitcoin as an Inflation Hedge?
6:04 Cryptocurrency’s Intrinsic Value
6:58 Warren Buffett’s Thoughts on Bitcoin
8:00 Burry’s Thoughts on Crypto Speculation
9:28 How to Invest Like Michael Burry
10:20 Sharesight
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Neither New Money or Brandon van der Kolk are monetary advisers. The info supplied on this video is for common info solely and shouldn’t be taken as skilled recommendation. There are dangers concerned with inventory market investing and customers shouldn’t act upon the content material or info discovered right here with out first in search of recommendation from an accountant, monetary planner, lawyer or different skilled. Consumers ought to at all times analysis corporations individually and outline a technique earlier than making selections. Brandon van der Kolk and New Money usually are not responsible for any loss incurred, arising from the usage of, or reliance on, the data supplied by this video.
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I'd rather hold satoshis than dollars
i stopped listneing when you said it has no intrisinic value .lmao. bad take
Bitcoin is traded in dollars, hello. It's the dollars that has value.
Just be patient, kind, and reasonable. If you are fortunate enough to get rich from changes in the market, great for you., but I would advise never to chase wealth. Just like working out, just be consistent. Have a diversified portfolio, get some assets, always save, and live below ur means. I think most situations you should come out from living like that
another great vid on burry
I love this and how it completely overlooks the utility that bitcoin brought global finance and glazes over the message that the death of bitcoin depends on total submission to authoritarianism regimes
When it comes to investing, we want our money to grow with the highest rates of return And the lowest risk possible. while there are no shortcuts of getting rich , but there are smart ways to go about it
But you can transfer $10 million worth of bitcoin to anyone in the world and it’s only going to cost you a few hundred dollars. Isn’t that the usefulness of bitcoin?
Bitcoin was born out of recession and it hasn't yet been recession tested. If the economic downturn continues, I think we're in for quite shitshow.
Until now I could not understand how cryptocurrency could fluctuate tremendoulsy in value. No other currency fluctuates that much. I agree with Warren Buffet. If I can’t understand the intrinsic value, I will not invest in it.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.
Awesome video, excellent analysis !!
America has been doing a lot of dumb things lately
Lots and lots of jewelry is made out of gold! Not to mention its use in electronics. It definitely has real world utility.
Michael Burry says nothing about the housing bubble like in 2007, did he?
100k I'm dumping it all like diarrhea
Very well done. Excellent logic.
Lmao the audacity of this class a ahole burry complaining about heartless governments when heartless gamblers like himself made billions and yet tweet about hating the very idea of paying more taxes. Governments have an interest in controlling the currency because they are ultimately answerable to the voters who elect them. These evil opportunists like Burry hate them for wanting to kill cryptocurrency because it would deprive people like Burry of another ponzi scheme for enriching themselves.
All current coins will go to 0 100%. Then the government will make their own coin. There won´t be a currency the government is not in control about.
LOL when did Burry predict inflation? His portfolio is heavy on tech and down big YTD.
Long-term investors know that the market and economy will recover eventually, and investors should be positioned for such a rebound. Personally still going hard on this crazy market and I'm doing just fine. My portfolio currently up 43% right now. I am going to sit back and observe how this all plays out, adding more stocks at a time.
Toilette paper is gold in Venezuela (soon in Argentina too).
<The fact is, BTC is the future of crypto and the questions traders ask themselves now if this is right time to invest? before jumping into conclusion and think you should take a look at things first. for the past few days the price of BTC has been fluctuating which means the market is currently unstable and you cant tell if it is going bearish or bullish. while others still continue to trade without the fear of making lose, others are being patient. it all depends on the pattern with which you trade and also the source of your signals. i would say trading has been going smoothly for me, i started with 2.5 BTC and i have accumulated over 10.6 BTC in just three weeks, with the trading strategy given to me by expert trader Nellie Frances
Warren Buffet is not a Bitcoin expert so showing his opinion really diminished the credibility of your channel. i wouldnt expect to hear any real expert opinion on the subject from this channel in the future. The value of BTC becomes more important because there is only a finite supply that will never change -unlike gold and unlike the dollar..
Did he tweet about it yet again?
Honestly Bury is all about fear mongering. If I predict a recession, I'll also be right if I'm allowed to be "early", because recessions will happen at some point of time, eventually.
i dont care about cryptos so thanks you put that title on the video so i supposed it was also about market and watch it until i realized it is only about btc (i mean mostly)
I laugh at the people that took all their money and bought Bitcoin. They all claimed it was going to $100,000. How is that working for you?
How is the price of a stock based on anything??! In a market there are only bid and ask orders, thats all that controls the current price. It has nothing to do with the companies performance
Money can’t be finite supply in the world, as productivity of the world increases over centuries, so too must the money supply representing it.
Your totally correct bitcoin and Michael Saylor are just garbage gamblers
Bitcoin will survive hold your coin cold wallet and you're going to be fine.
Putting your ACTUAL money into an "investment" that is completely dependent on The Bigger Fool Theory is, well, self explanatory.
People who confuse Bitcoin with cRaPtOs have no credibility.
cRaPtOs have heads that governments can cut. Bitcoin does not. Bitcoin is the only truly decentralised monetary network.
I can send value to anyone, anywhere in the world, without the permission of any government, central bank, commercial bank or any other financial institution.
Keep buying overvalued stocks that, which derive their value from expected future cashflows, which are measured in fiat currencies that are 100%, mathematically guaranteed to lose purchasing power at an accelerated rate.
But, hey. Each to their own.
I do agree that BTC should stay an asset and only look for price actions in all markets and perform a risk management before you enter the markets. As we did not get any percentage on our bank savings the last couple of years and if you are an investor and /or trader then you know that you have to take small profits and don't be greedy. As I did as well and performed compounding to earn my investments back without losing the value of my portfolio and gained not much only +6% to 7%
Another genius who bought Amazon at 21 cents and has the market so figured out that his predictions are better than Gods! BS!
But how can governments kill it is the question
I can see that they would want to kill it, but I don't see any way that they can. All you need is a few believers with internet connections somewhere in the world to keep it going.
Burry has a kind of "can't-lose" gigabear approach to assessing the market. He always foresees a crash and when the market crashes, he's right. When it doesn't crash, "the crash is yet to come". Dude made some great calls on betting against things back in the day and I think this has led to a bearish validation-bias developing in him. Anyway, just my 2 cents.
Calling such vague twitts "predictions" is laughable
Dude! This is so mainstream content. You haven't done your Bitcoin homework. Read 10 bitcoin books and then post videos like this. Or maybe you won't cause all this is just pure FUD. Also read history books about the Weimar republic and why it collapsed. Bitcoin ain't going anywhere and governments won't stop it. Unless there's no more internet, Bitcoin will survive. It's now a living organism, it's the currency of the internet.
You said gold and silver are non productive yet they can make jewelry out of them and they use them in electronics can you say this about bitcoin? Be careful when you say gold and silver have no productive value that is an incorrect statement.
Think we should be keeping our eyes on whats happening outside usa, G7. Why? usd is skyrocketing, its nearing a critical level where it will put enormous pressure on foreign economies. Global recession maybe coming. 100x worse than 2009 which was localized
If you really gave credit about this guy you'd at least have his real face in the thumbnail and not the actor portrayal!!!
Wow, good video. Not just crap 💭
If someone offered all the bitcoin in the work for $25, I would take it and sell it. Even if I can't sell it all, I'll get a lot more than $25 that can then be invested in something that I might deem more promising.
But I know that wasn't his point.
If you predict crashes everyday eventually you're right.