Michael Bury has deleted the fake Dogecoin Shiba Inu in a recent tweet
Michael Perry, President of Scion Asset Management, has made more enemies in the cryptocurrency space.
This time around, the famous American investor, portrayed by Christian Bale in The Big Short, has angered the fast-growing Shiba Inu army after calling the high-flying Dogecoin “useless” in a now-deleted tweet.
Burry’s opponent with Shiba Inu’s huge max bid of 1 quadrillion tokens:
A quadrillion day is 2.7 trillion years, or all of the time, from the beginning of the universe, multiplied by 71,000. In other words, it’s pointless.
Shiba Inu stock surged more than 300% last week, attracting a lot of headlines in the mainstream media. The rally has now stopped, but the Dogecoin subsidiary is still the 20th largest cryptocurrency at the time of writing.
Burry’s skepticism about cryptocurrency is not limited to alternative digital currencies for dogs.
In June, when Bitcoin was in the midst of a price correction, Burry predicted the “mother of all crashes” before issuing a warning to the “trapped” Bitcoin bulls.
He then compounded his downtrend by posting a head and shoulders pattern when Bitcoin was trading below $34,000
Those who paid attention to Burry’s tweets ended up losing out on big gains, with the largest cryptocurrency recently recovering to its highest level since early May.
Crypto enthusiasts recently derided Puri, who rose to fame after making big profits from the 2008 subprime mortgage crisis, as one wonder after his failed predictions.
Michael Perry of The Big Short fame has closed his account after a short sale # bitcoin It explodes in his face. 😂😂😂
Stay humble there. pic.twitter.com/iOftMZ0MEN
– Jordan Schachtel @ dossier.substack.com (@JordanSchachtel) October 10, 2021
The “Big Short” champion also recently made big bets against Tesla and Cathy Wood’s ARK Invest.