‘Big Short’ star Michael Burry asks for help shortening Crypto


Michael Burry. Source: Video screenshot / CNBC

Michael Burry, the eccentric hedge fund manager on whom the 2015 blockbuster “The Big Short” was based, is now criticized by the crypto community on Twitter after asking how to sell the cryptocurrency short.

“Okay, I’ve never done this before, how do you shorten a cryptocurrency? Burry began writing in a tweet Wednesday night UST after sharing his rather negative feelings about cryptocurrencies on several other tweets previously.

“Do I have to take out a loan? Is there a short discount? Can you sneak in and claim the job? In such volatile situations, I tend to think it’s best not to go short, but I’m thinking out loud here, ”the former hedge fund manager continued in the tweet.

Burry’s tweet, which was later deleted, was quickly echoed by members of the crypto community, who wondered how one of the world’s most famous short sellers didn’t know how to sell crypto.

Among them was the famous cryptocurrency trader Cobie, who noted that Burry went from “manual investigations into hundreds of thousands of loans within CDOs. [obligación de deuda garantizada] fight to use Google for ‘how to open a short bitcoin’ ”.

Also noting the apparent incompetence of the famous investor, Bitfinex CTO, Paolo Ardoino, CTO of Bitfinex, who asked Burry to “stop fucking my movies”:

Meanwhile, Zhu Su, CEO of the crypto investment fund Capital of the three arrows , said that Michael Burry, in his opinion, would be “long bitcoin maximum” if he was 22 today. “Age changes a man, and if he’s not careful it embarrasses him,” the crypto investor added.

Burry’s question about the cryptocurrency shorting came after the legendary fund manager and short seller on Wednesday mentioned activity on some crypto-related Twitter accounts, stating: “Crypto-bots and pumps / memes respond to large bulk accounts for promotion, “while adding:

“Deleting tweets takes you back in time. Being private allows tools to discourage you. But it is impressive, this religion of truths and falsehoods. Speculation probably beats anything in history. “

Although Burry suggested that you might not know how the cryptocurrency market works, most members of the crypto community know that there are many ways to shorten a cryptocurrency, such as these 7 Ways to shorten cryptocurrencies.

One of the more popular ways is to simply sell short on one of the many spot crypto exchanges that offer margin trading, or sell futures on a crypto derivatives exchange or on the Chicago Stock Exchange (CME), which tend to be more popular with institutional traders.
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