, Meme stocks
, MI Exclusive
, Michael Burry
, Scion Asset Management
, short squeeze
, Stock market bubble
, The Big Short
"The Big Short" investor Michael Burry.
Getty Images/ Astrid Stawiarz
Michael Burry predicted meme stocks and cryptocurrencies will plummet.
"The Big Short" investor warned the "mother of all crashes" is coming.
Burry pointed to excessive leverage as a major problem for crypto.
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Casual investors buying meme stocks and cryptocurrencies are signing up for devastating losses, Michael Burry warned on Thursday."All hype/speculation is doing is drawing in retail before the mother of all crashes," the investor tweeted. "When crypto falls from trillions, or meme stocks fall from tens of billions, #MainStreet losses will approach the size of countries."Burry added that people's fear of missing out has propelled asset prices to unsustainable leve...