Michael Burry warns about DOGE and SHIB

Michael Burry explained to other investors that he expects a crisis with DOGE and SHIB and why. A terrible script came from Michael. Famous investor targeting “joke coins” from cryptocurrencies talks about a crash.

Collapse Warning from Crisis Oracle Criticizing DOGE and SHIB!

Hedge fund manager Michael Burry, famous for predicting the 2008 financial crisis, warns of an impending consumer recession and further earnings problems. The crisis prophet, who also found harsh criticism about DOGE and SHIB, drew attention to the falling US personal savings and record-breaking credit card debts despite trillions of dollars in incentive funds.

There is both positive and negative news about DOGE and SHİB. But this Doge and Shiba Inu have managed to get millions of new investments in the last few months. Many famous investors find it ridiculous that these cryptocurrencies gain value and invest.

Especially after the collapse of Luna Coin, there has been a decrease in trust in Şaka Coin projects. However, many new sponsors and investors continue to come to Shiba.

Michael Burry was harshly critical of DOGE and SHIB

Michael Burry, a “The Big Short” investor, previously described Dogecoin (DOGE) and Shiba Inu (SHIB) as “nonsense”. He said that Bitcoin is a bubble that is vulnerable to the government built on leverage. In its latest announcements, it warns of an impending consumer recession and more earnings issues ahead.

Michael Burry is credited as the first investor to foresee and profit from the US subprime mortgage crisis that occurred between 2007 and 2010. In his statements on Twitter on Friday, he stated the following:

US PERSONAL SAVINGS REALLY DOWN TO 2013 LEVELS, SAVINGS RATE TO 2008 LEVELS – REVOLVING CREDIT CARD DEBT REACHED A RECORD-BREAKING SPEED HIGH-STANDING AT A RECORDING TILLIONS OF CASH DOWN AT THEIR TURNS. APPROACHING: A CONSUMER STAGE AND MORE INSURANCE ISSUES.

What does Michael Burry say with his graphics?

There are two images in Burry’s tweet. The first shows a sharp decline in US personal savings. The other shows a sharp increase in outstanding consumer loans.

Burry’s tweet, which received 11 thousand likes and almost 2.5 thousand retweets at the time of writing, received 476 comments. Many agreed with Burry on Twitter and thanked him for raising the issue and telling others to heed his warning.

Among the comments made, several people agreed with Burry that “numbers don’t lie.” Meanwhile, a growing number of people have recently been worried that a recession is either here or imminent, including Tesla CEO Elon Musk, Rich Dad Poor Dad Author Robert Kiyosaki, and Goldman Sachs senior chairman and former CEO Lloyd Blankfein. had warned.

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