Burry Bullish on Bitcoin, Bearish on Facebook and Google: Portfolio Revealed
- Michael Burry, an investor made famous by the movie “The Big Short” has revealed his current investment portfolio.
- Burry is taking a long position in the oil and gas industry, financial sector, prison industry as well as the media companies.
- However, he is taking a short position in tech companies such as Facebook and Google.
Big Short Billionaire Michael Burry Betting Against Google & Facebook
The Big Short’s Michael Burry has got the Bitcoin (BTC) community anticipating a bullish run after his current investment portfolio was unveiled. On August 15, a Twitter page identified as Michael Burry Stock Tracker shared the updated portfolio of the American investor. The portfolio indicates that he is taking a long position in the oil and gas industry, financial sector, prison industry as well as media companies. However, he is taking a short position in tech companies such as Facebook and Google.
Bullish on Bulk Shippers
Burry is bullish on bulk shippers – companies that transport commodities and materials in their raw state across the sea. This investment decision comes at a time when global economies are bouncing back from Covid-19 pandemic effects with an increase in demand for raw materials.
Betting on Oil & Gas Companies
Burry also took a long position in oil and gas companies due to fluctuating oil prices and growing support for renewable energy sources. He believes these investments will be profitable given their ability to adapt to changing policies concerning incarceration and immigration.