"Damn, is this because you're afraid of being criticized by netizens?"
After advising investors to sell their digital assets on his Twitter account, Michael Burry, a prominent US investor and hedge fund manager who once predicted the 2008 financial crisis, has deleted his personal account.
Although Burry tweeted the statement before the FOMC meeting, the entire cryptocurrency market soared when the United States (US) Federal Reserve (Fed) announced a 25 basis point interest rate hike.
If noticed, the price of Bitcoin (BTC) yesterday managed to jump past the $24,198 level after hovering between the $22,00 to $23,000 zone for a long time.
After Burry gave advice against the direction of price movement, he deleted the statement and also his account for fear of receiving severe criticism from investors who had sold their digital assets ahead of the FOMC meeting.
Most investors also compared Burry and US television personality Jim Cramer who made an accurate prediction recently saying that the crypto market will climb.
It is well known that Burry who is confident with the Chief Executive Officer (CEO) of Twitter, Elon Musk has caused him to promise not to deactivate his Twitter account but the opposite happened recently.
In the meantime, Burry in the summer of 2021 once expected the crypto market to experience bleeding and indeed the prediction came true in 2022 and as a result many crypto companies went bankrupt.
