Nobody knows for sure. That’s the short answer. Even the experts are very starkly divided.
Smack within the bear camp, we have big names including the famed Michael Burry, who has made his views very much known. Burry thinks we are on the precipice of a mother of all crashes:
“All hype/speculation is doing is drawing in retail before the mother of all crashes. #FOMO Parabolas don’t resolve sideways; When crypto falls from trillions, or meme stocks fall from tens of billions, Main Street losses will approach the size of countries. History ain’t changed.”
“Don’t resolve sideways” sounds… docile. But it’s really his way of saying that they’re going to plunge massively in a short period of time, leading to contagion and a cascading effect of further losses.
In other words, it won’t be pretty.
Burry also thinks hyperinflation is on the horizon and when you combine both his predictions,...