The hero of “Reducing Games” predicted the continuation of the fall in bitcoin prices

The https://gagarin.news/news/bitcoins-first-green-week-in-63-days/ 2007 mortgage crisis, the investor Michael Buerry, admitted that the current market situation is the middle of the bear cycle for bitcoin.

The investor who has become the prototype of the hero of the film “Reducing Game” believes that the first cryptocurrency may continue to fall.

“Adjusted to inflation in the first half of the year s&P 500 decreased by 25–26%, NASDAQ – by 34–35%, bitcoin – by 64–65%. It was a multiple compression. Further – income reduction. So maybe halfway, ”Buerry wrote.

A popular Defi researcher under the pseudonym Fatmanterra with pessimism commented on his message:

“Some things are better to leave undercounted. I do not recommend more such stories for the sake of people, our industry (and your business) “.

Regarding Buurri’s business, users recalled that the investor specializes in short positions. In October 2021, he became interested in the possibility of shorts in cryptocurrencies.

Buurri was one of the first to predict the collapse of the mortgage market in the United States. He put all the money he founded by the Head Fund Scion Capital against the mortgage bonds of CDO and managed to earn a crisis.

In 2015, according to the book of an American writer and journalist Michael Lewis, who describes the events of those days, shot the film “The Ring of Lower”. The role of Buerry was played by Christian Bale.

Recall that Arcane Research researchers compared the subsidence of the first cryptocurrency in past market cycles. In their opinion, the potential for reducing bitcoin prices remains to $ 10,350.

Deutsche Bank strategists believe that cryptocurrency quotes by the end of the year can rise to $ 28,000 amid the recovery of NASDAQ 100 indexes and S&P 500.

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