Economist issues alarming warning following AI prediction in “Big Short” – Crypto Industry

Peter Schiff, a well-known economist and financial commentator, has advised investors to sell their Bitcoin holdings after Michael Burry, a prominent investor who successfully predicted the housing market crash of 2008, warned of an artificial intelligence (AI) bubble forming in the market.

Schiff, who has been a vocal critic of Bitcoin and other cryptocurrencies, argues that the recent surge in the price of Bitcoin is unsustainable and that investors should protect their wealth by selling their holdings before it’s too late.

Burry, known for his accurate predictions in the past, recently tweeted about the potential bubble forming in AI stocks, warning investors to be cautious. His warning has raised concerns among market participants, leading to a sell-off in tech stocks and cryptocurrencies.

While some investors may be tempted to hold onto their Bitcoin in hopes of further gains, Schiff’s advice to sell may be worth considering, especially in light of Burry’s warning. As always, investors should do their own research and consult with a financial advisor before making any investment decisions.