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'The Big Short' investor Michael Burry dismisses shiba inu coin as 'pointless' - noting the dogecoin spinoff's supply exceeds 1 quadrillion coins

'The Big Short' investor Michael Burry dismisses shiba inu coin as 'pointless' - noting the dogecoin spinoff's supply exceeds 1 quadrillion coins

Michael Burry.
Bloomberg TV




Michael Burry tweeted about shiba inu, the dogecoin-inspired cryptocurrency.




"The Big Short" investor dismissed the meme token, noting its supply exceeds 1 quadrillion coins.




Burry has warned against buying crypto, labeling bitcoin a speculative, debt-fueled bubble.


Michael Burry, the investor of "The Big Short" fame, isn't a fan of shiba inu. He dismissed the dogecoin-inspired cryptocurrency, which has more than tripled in price over the past week, because there are too many of the coins in circulation.The Scion Asset Management boss shared Coinbase's description of the meme token in a now-deleted tweet, highlighting that its supply exceeds a quadrillion coins."Just saying, one quadrillion seconds is about 32 million years," he tweeted. "One quadrillion days is 2.7 trillion years, or ALL of TIME, from the beginning of the universe, multiplied by 71,000. In other words, pointless."Burry's tweet suggests he doesn't view shiba inu as a compelling investment because the vast amount of coins in existence limits its possible price appreciation.
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