📰 【"Big Short" and Legendary Traders Speak Out: AI Frenzy Reminds People of the Night Before the Internet Bubble Burst】
BlockBeats news, May 11th, the "Big Short" prototype Michael Burry, famous for predicting the collapse of the US housing market, recently issued a warning that the current stock market's obsession with artificial intelligence is beginning to resemble the final stages before the internet bubble burst. Burry stated on his personal blog that the stock market no longer responds logically to economic data such as employment reports or consumer confidence. "They only rise straight up because they’ve been rising straight up, behind which is just a conclusion that everyone thinks they understand, two letters... It feels like the last few months of the 1999-2000 bubble." On the other hand, legendary macro trader, Tudor Investment Corporation...
Brothers, look at these Wall Street old-timers shouting "AI bubble" again. Burry, this old guy, made his fame by shorting subprime mortgages, and now he pops out saying AI is like the night before the internet bubble burst. I’ve heard enough to get calluses on my ears. $BTC and the entire crypto circle’s current trend—what’s that compared to AI concept stocks? We here are the real retail meat grinder; their little fluctuations in the crypto world are just a drop in the bucket. These guys just haven’t suffered in the crypto world, don’t know what a real暴牛市 and waterfall-like zeroing mean. I advise you not to take it too seriously; they’re shouting their stuff, we focus on our crypto opportunities, don’t be fooled by these old, tired arguments. 👇👇👇👇👇