According to BlockBeats, Michael Burry, the inspiration behind the film 'The Big Short,' has issued a warning about potential market bubbles, stating, 'Sometimes we see bubbles; the only winning move is not to play.' Burry, who accurately predicted the subprime mortgage crisis in 2000, has sold nearly all of his U.S. stock holdings this quarter, retaining only Estée Lauder shares and purchasing put options on Nvidia, causing a stir in the market.
Nvidia recently surpassed a $5 trillion market valuation, accounting for nearly 10% of the S&P 500, reigniting concerns about a bubble. Burry's comments may indicate a rising risk of short-term corrections in tech and AI sectors. Analysts at BiyaPay suggest that maintaining a strategy is more crucial than chasing market highs and lows amid significant volatility.
BiyaPay supports USDT remittances in multiple currencies, including the U.S. dollar, euro, and Hong Kong dollar, offering zero-fee spot contract trading. It also allows USDT transactions in U.S. stocks, Hong Kong stocks, and futures, helping investors steadily manage multi-asset portfolios amidst market noise.
