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Michael Burry of ‘The Big Short’ asked about shorting crypto days before bitcoin hit $60,000
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cnbc.comIn this article
«The Big Short» investor Michael Burry inquired about ways to bet against bitcoin just before the world's largest cryptocurrency hit a six-month high to breach the $60,000 level.
«Ok, I haven't done this before, how do you short a cryptocurrency,» Burry said in a Wednesday tweet. «Do you have to secure a borrow? Is there a short rebate? Can the position be squeezed and called in? In such volatile situations, I tend to think it's best not to short, but I'm thinking out loud here.»
Bitcoin topped $60,000 on Friday, notching its highest level since April 17. Investors and analysts are optimistic that U.S. regulators could give the green light to the first bitcoin futures exchange-traded fund as soon as next week. Such a move
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