Following the economic crisis in 2008, he became famous for opening a short position accordingly, and even a movie called “The Big Short” was shot. Michael Burry, He also occasionally makes statements about the crypto money industry.
Reaching 340% rise in the last 30 days and attracting all the attention SHIB was the last cryptocurrency to catch the analyst’s attention.
SHIB Review by Burry
Burry in his now deleted tweet SHIB criticizing it harshly, emphasizing how high the supply is.
“I’m just saying, one quadrillion seconds is 32 million years. One quadrillion days equals 2.7 trillion years, or that’s 71,000 times the time since the beginning of the universe. In other words, it makes no sense.”
The point that Burry emphasizes here seems to be that the supply of SHIB is above even a quadrillion.
In his previous statements, Burry emphasized that the greater the supply of a cryptocurrency, the greater the risk of it.
SHIB, on the other hand, achieved an incredible price increase by reaching 1 million active users despite its quadrillion supply, and the biggest reason for this is of course Elon Musk.
Musk’s tweets are no longer Dogecoin to SHIB It works, and the situation is thought to give hope to other DOGE-copy cryptocurrencies as well. SHIB is currently ranked 15th.
As Bitcoinsistemi.com, we constantly warn our readers to be careful when investing in coins that have risen recently. In this context, it is recommended to trade with a small portion of the capital, using the stop limit and within the strategy, if it is to be invested in the higher coins.