One legendary call can turn into permanent credibility, whether it's earned or not.
Just look at Michael Burry.
Yes β 2008 was historic.
But since then, the record looks a lot like Peter Schiff with #Bitcoin.
Post-2008 track record:
β’ 2010β2012: Hyperinflation + QE collapse fears (never materialized)
β’ 2015β2016: China slowdown & global crash warnings (markets recovered)
β’ 2019: βEverything is a bubbleβ calls (market kept climbing)
β’ 2021: Famous βSellβ tweet right before continued bull run
β’ 2021: Shorted Tesla before it exploded higher
β’ 2021β2023: Housing crash comparisons to 2008 that never happened
β’ 2023: Big bearish market bets just before stocks rallied hard
Pattern:
βοΈ Incredible once
β Early over and over
β Collapse always βimminentβ
Respect the 2008 call.
But permanent doomerism isnβt a strategy.
Stack sats and stay humble π
https://seekingalpha.com/news/4546827-michael-burry-warns-bitcoin-selloff-could-trigger-a-death-spiral---report