Michael Burry, famed for his role in 'The Big Short,' has expressed concerns over the U.S. Federal Reserve's recent $40 billion Treasury bill purchase. Burry suggests this move indicates underlying fragility within the banking system, potentially impacting broader financial markets, including cryptocurrencies.
The announcement coincides with Bitcoin's decline below $90,000, driven by miner selling and liquidity concerns, even as traditional markets experience a rally. Burry's warning highlights the potential for systemic issues to affect the crypto sector, underscoring the interconnectedness of financial markets.
Michael Burry Warns of Banking Fragility Amid Fed's $40B T-Bill Purchase
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