Michael Burry Picks A Winner In FTX Fiasco

Famous “Big Short” investor Michael Burry is touting gold as the winner amid all the crypto scandals.

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In a deleted tweet, Michael Burry wrote, "Long thought that the time for gold would be when crypto scandals merge into contagion.”

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Burry seemed to be referring to the collapse of SBF’s FTX that triggered a widespread meltdown in the crypto industry.

FTX used to be the second largest crypto exchange in the industry before it filed for bankruptcy on November 11.

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Celsius, Voyager, the Winklevoss twins' Genesis, and BlockFi have all felt the ripple effect of FTX collapse.

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Earlier, Burry had tweeted, “you have no idea how short I am."

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Burry is famous for shorting the housing mortgage in 2007 and made billions of it.

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