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Michael Burry, widely known for his role in the prediction of the 2008 subprime mortgage crisis and the collateralized debt obligations bubble, now predicts the same fate for Index funds and ETFs.
The Big Shot’s hero has indicated that the massive inflow into the ETF market precedes a crisis that could cripple the entire system in the long run. The contrarian explained that the influx of index funds is now affecting the prices of stocks and bonds, creating a bubble that could adversely affect the market investors at some point.
He also pointed out the risks that could be faced in this case – which we attempt to explain in a few steps through this [...]
Crypto embraces many youngsters and often shows up as the first touchpoint to individuals when it comes to trading and the world of finance. Yeah, there wasn’t a more hip thing than to own Bitcoin Dec ’17 and even the price dropped like a rock – the young generation is yet mesmerized by cryptocurrencies. Understandable that many questions arise – many see themselves deep in a rabbit hole. When it comes to Hopium, the Bitcoin ETF approval is still #1 on the list, which is considered as a catalyst to make the price great again. But once you start your research engine, you will discover critical voices, denying that these kinds of ETFs will be good for the crypto [...]
Guest Post Provided by CryptoMedics (Read the review of their service here) You might have realized that Altcoins have been suffering while Bitcoin dominance is going up. Many of our favorite Altcoins have taken another major hit. The Satoshi value of most large caps is still depressed compared to back when BTC broke beneath $6,000.
Take a look at this:
