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RE: Interesting read: Michael Burry, Real-Life Market Genius From The Big Short, Thinks Another Financial Crisis Is Looming - Which is great for Steemit & Crypto!

in #news8 years ago

Great movie. The guy is a genius.
I still hope he's wrong. Because whatever BTC or STEEM or ETH you have, in times of crisis, all the markets generally go down... often due to the lack of buyers with real money.
The USD is weak, but still rules... until now...

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2008 was interesting how everything just started moving together. As bitcoin becomes institutionalized (there are two Bitcoin ETFs in the works) it might correlate with a big correction. However, if there is ever a fiat money crisis bitcoin might be considered defensive.