‘Big Short’ Investor Michael Burry Warns of ‘Mother of All Crashes’ — Says Crypto’s Problem Is Leverage

'Big Short' Investor Michael Burry Warns of 'Mother of All Crashes' — Says Crypto's Problem Is LeverageHedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of “the mother of all crashes.” He further explained that the problem with cryptocurrency is the leverage. Michael Burry Warns of Mother of All Crashes Famous investor and founder of private investment firm Scion Asset Management, Michael Burry, shared his view […]

Go to Source

Powered by WPeMatico

Fed Chairman Claims ‘Now Is Not the Time’ to Worry About the Federal Budget

Fed Chairman Claims 'Now Is Not the Time' to Worry About the Federal BudgetAccording to the Federal Reserve Chairman, Jerome Powell, the road to economic recovery is far from over and the Covid-19 pandemic has fueled the tragedy. During his speech at the National Association for Business Economics annual meeting, Powell highlighted that the federal budget was essentially a disaster, but stressed that “now is not the time […]

The post Fed Chairman Claims ‘Now Is Not the Time’ to Worry About the Federal Budget appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Bitcoin in Brief Thursday: Main Street Adopts Bitcoin Ahead of Wall Street

Bitcoin in Brief Thursday: Main Street Adopts Bitcoin Ahead of Wall StreetIn today’s edition of Bitcoin in Brief we feature stories that show how fast and nimble banks that support cryptocurrency-based businesses are benefiting at the expense of the larger players that have yet to enter the market, how more financial institutions want to join and how crypto ventures are making it easier for them. Also […]

The post Bitcoin in Brief Thursday: Main Street Adopts Bitcoin Ahead of Wall Street appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico