Michael Burry just became a crypto investor thanks to this stock position
While China has for years had a fraught relationship with crypto currencies, more recent news from the nation – and particularly from the locale of its second system, Hong Kong – have been decidedly more positive. The latest developments indicating ever-greater adoption of digital assets came from the technology and e-commerce giant JD.com (NASDAQ: JD), which is set to release a stablecoin pegged to the Hong Kong dollar on a public blockchain and boasting a 1:1 exchange ratio. Coincidentally, the move has given ‘ The Big Short ’ investor Michael Burry significant exposure to the crypto markets – or, more precisely, to a digital assets company – as, as of the latest 13-f filing, JD was his biggest holding. Picks for you Andy Beshear net worth revealed: How rich is the Governor of Kentucky? ...