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Michael Burry Warns Of Cascading Effects From Bitcoin Plunge

by The Wealth Advisor Contributor
Michael Burry warned that Bitcoin’s plunge could deepen into a self-reinforcing “death spiral,” inflicting lasting damage on companies.

Featured

Bitcoin Sinks After Treasury Secretary Bessent Says US Government Can't Tell Banks To Bail Out Crypto

Bitcoin fell 2% to around $73,000 per token after Treasury Secretary Scott Bessent suggested the US government would not bail out the cryptocurrency.

Retirement Savings ‘Lost And Found’ Helps Retirees Track Down Old 401(k)s, Pensions — How It Works

Older workers and retirees who have lost track of retirement savings from a previous employer may benefit from a relatively new resource.

Innovation Without Borders: How Pacer’s PATN Targets International Growth Through Patent Value

Pacer’s PATN targets 100 non-U.S. companies with the most valuable patent portfolios, for international growth exposure without staid sector drags.

Recent

TAMPs

Why Bill Crager Sees Advisors Growing with a Better Engine Behind Them

Putting an engine behind the advisor, helps them engage in the way they believe and deliver that to their client in as turnkey a way as you possibly can. As Envestnets evolved the platform it's grown far beyond what it was, the vision that we had drawn on the board back in late 1999.

Washington Wire

Gas Prices: 'Prices are Coming Down,' Says Biden Official

Despite the Consumer Price Index (CPI) rate surging 9.1% in June, White House officials expect sticker prices, including gas prices, to decline.

Crypto4Advisors

Bitcoin More Likely to Hit $10,000 Than $30,000 in Near Term, Trading Firm Partner Says

Bitcoin seems to be recovering. The largest cryptocurrency by market value is up 4% in the last 24 hours.

Economy

Recession Barometer Flashes New Warning Sign as Inflation Pressures Fed Policy

Following inflation data showing worse-than-expected price increases in June, bond markets are now flashing signs of deeper investor concerns.

  • More Articles

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The Trust Advisor

Karyna Shuliak Was Set To Inherit Epstein's Infamous Island, Massive Diamond Ring And $50 Million. Who Is She?

FundFocus

Ray Dalio Warns The World Is ‘On The Brink’ Of A Capital War

The Trust Advisor

Hugh Jackman ‘Prepared To Take The Risk’ By Planning To Marry Sutton Foster Without A Prenup In Place

Crypto4Advisors

Bitcoin Price To $10,000 As Markets Barrel Towards Crash ‘Reminiscent Of 2008,’ Bloomberg Analyst Warns

The Trust Advisor

Barclay Family Matriarch Sued By Bank To Cover Her Son’s £19m Debt

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