CASSANDRA QUITS! Michael Burry Shuts Down Hedge Fund After $1.1B AI 'Big Short 2.0' Bet!
Fellow traders, the macro-head signal is flashing red. Michael Burry, the legendary investor from The Big Short, has made his most dramatic move yet: he has deregistered Scion Asset Management with the SEC.
This isn't a simple profit-taking move; it's a profound statement on market structure and valuation. Just days after his massive short position on Nvidia and Palantirโthe core of the AI boomโwas disclosed, he's walking away from managing outside capital.
The Context:
The Bet: A major bearish wager against AI darlings, calling the sector a bubble fueled by aggressive accounting and circular CapEx.
The Exit: Scion's registration was terminated on November 10th. Burry's stated reason: his estimation of value is "not now... in sync with the markets".
The Cryptic Tease: His recent post, "Sometimes, the only winning move is not to play," says everything.
๐ The $BTC Angle: When a macro figure this bearish decides the entire game is unplayable and closes shop, it sends shockwaves through all risk-on assets. Is Burry's exit the ultimate sign that global market froth is hitting terminal velocity? Or is he, once again, too early?
What does the "Big Short" man exiting the stage mean for $BTC and the altcoin season?
Let's discuss! Drop your take below ๐
#Macro #BTC #AI #TheBigShort #CryptoNews
