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'Big Short' investor Michael Burry warns the 'mother of all crashes' is coming - and predicts crypto and meme stocks will plummet

1 month ago   |   By Business Insider

Summary List Placement Casual investors buying meme stocks and cryptocurrencies are signing up for devastating losses, Michael Burry warned on Thursday.
"All hype/speculation is doing is drawing in retail before the mother of all crashes," the investor tweeted. "When crypto falls from trillions, or meme stocks fall from tens of billions, MainStreet losses will approach the size of countries."
Burry added that people's fear of missing out has propelled asset prices to unsustainable levels. " FOMO Parabolas don't resolve sideways," he cautioned.
The Scion Asset Management boss also sounded...
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