Stock crash alert could impact crypto

Why they're betting against stocks

Dear Reader, Major stock market players are calling for a crash. Should that happen… Many believe the crypto market will slide along with stocks.  Let's take a closer look and see what's really going on… Michael Burry's "big bet" has splashed all over mainstream media headlines. Burry is the guy who predicted the housing crash in 2007. Shorted the market by buying credit swaps from major institutions. Then became a multi-bazillionaire. Making a cool $100 million for himself.  Mr. Burry is predicting a major stock market crash. He is so convinced this will happen that… As of June 30, he bought $1.6 billion worth of put options against the market.  Note: He did NOT spend $1.6 billion to buy these puts.  That is the "leveraged" total value of the puts. He probably spent several million to get himself in such a leveraged position. This kind of bet against the market is very telling.  Should crypto investors bite their fingernails and worry? Probably not. Because for some strange reason, right now… Bitcoin correlation with the mainstream market is… Zero. The smart move is to have an "ace" up your sleeve as a crypto investor. Something that allows you to watch market events unfold in real time. While getting breaking alerts before certain coins pop. Cointelegraph Markets Pro gives users that exact advantage.  Regards, Markets Pro Team © 2023 COINTELEGRAPH MARKETS PRO COINFIDENTIAL. Copyright © 2023 Cointelegraph Markets Pro, All rights reserved. You are receiving this email because you opted in at our website. Our mailing address is: Cointelegraph Markets Pro 21 W 46th St New York, NY 10036-4119 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.