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Missed the AI Rally? Michael Burry Is Betting on Copper Instead
Published Source: BeInCryptoRead original
Crypto Insight Summary: Copper futures touched a record $6.95 a pound intraday on September 22 and closed at a record $6.92. The gain arrived a day after Michael Burry named a copper miner as his indirect artificial intelligence (AI) bet. The rally has accelerated since mid-September as Chinese buyers stocked up ahead of the holidays. Copper Leaves Gold Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Short-term (1-3 days) Reasoning: Copper's rally is unrelated to crypto markets, as it reflects industrial demand and macroeconomic factors.