BITCOIN

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned about “an extended multi-year recession” in the U.S. He believes there isn’t a strategy to pull us out of “this real recession.” Michael Burry’s Recession Warning Famous investor and founder of investment firm Scion Asset Management, Michael Burry, has warned about a “real recession” that will last multiple years. Burry is best known for being the first investor to foresee and profit from the U.S. subprime mortgage crisis that occurred between 2007 and 2010. He is profiled in “The Big Short,” a book by Michael Lewis about the mortgage crisis, which was made into a movie starring Christian Bale. The Big Short investor tweeted about a recession Tuesday. He wrote: What strategy will pull us out of this real recession? What forces would pull us so? There are none. So we are really looking at an extended multi-year recession. Who is predicting this? There are none. Burry has warned about a

Shark Tank star Kevin O’Leary and billionaire hedge fund manager Bill Ackman have been slammed for stating that they believe Sam Bankman-Fried (SBF) was telling the truth that he “didn’t knowingly commingle funds.” The former CEO of the collapsed crypto exchange FTX also said he “wasn’t running Alameda,” so he “didn’t know exactly what was going on.” Kevin O’Leary, Bill Ackman Defend Sam Bankman-Fried Shark Tank star Kevin O’Leary, aka Mr. Wonderful, and billionaire hedge fund manager Bill Ackman were slammed Thursday after they said they believe former FTX CEO Sam Bankman-Fried (SBF) was telling the truth during an interview at The New York Times’ Dealbook Summit, aired Wednesday evening. Crypto exchange FTX collapsed and filed for bankruptcy on Nov. 11. An estimated one million customers and investors lost billions of dollars in the exchange meltdown. Bankman-Fried said during the interview that he “didn’t knowingly commingle funds.” He also shifted blame to Alameda Research, st