“The Big Short”: Michael Burry bets billions against tech giants

According to recent disclosures, Michael Burry, founder of Scion Asset Management, significantly changed his portfolio structure in the last quarter.
The published data shows that around 80 percent of his reported positions consist of put options on the tech companies Palantir Technologies Inc. (66.04 percent) and Nvidia Corporation (13.51 percent).
In total, the positions amount to a reported value of approximately 912 million US dollars for Palantir and 186 million US dollars for Nvidia.
Burry became internationally known for his bets against the US housing market during the 2008 financial crisis. His strategy at the time was portrayed in the Hollywood film “The Big Short”.
A put option is a financial instrument that gives the buyer the right to sell an asset – such as a stock – at a predetermined price. If the value of the option increases when the price of the underlying asset falls, it can be used as a hedge or to speculate on falling prices.
Burry's recent positioning has attracted attention within the finance and crypto communities. Tech stocks like Nvidia and Palantir often show parallel price movements to Bitcoin and other digital assets.
In the past, Burry has repeatedly predicted market downturns, some of which did not materialize. His current strategy, however, remains a focus for many market observers.
Do you want to invest in stocks and commodities in addition to cryptocurrencies? This is possible, for example, via EU-regulated platforms like Bitpanda.

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