$BTC Big Short’ Investor Michael Burry Sounds Alarm on Bitcoin Drop, Warns of Possible $1 Billion Gold and Silver Selloff

Michael Burry has cautioned that the recent fall in Bitcoin prices could be putting serious pressure on institutional investors, potentially forcing them to sell large amounts of gold and silver to manage their losses.

Key points to understand:

Michael Burry believes that heavy losses in the crypto market may have pushed institutions and corporate treasuries to liquidate as much as $1 billion worth of gold and silver as Bitcoin slipped below the $73,000 level.

According to Burry, Bitcoin’s drop has revealed structural weaknesses, placing companies with major crypto exposure at risk. He warned that if Bitcoin declines further toward $50,000, several mining firms could face severe financial trouble or even bankruptcy.

Burry also argued that Bitcoin has not lived up to its reputation as a digital store of value or a true replacement for gold. He suggested that the recent price surge driven by ETFs appears more speculative in nature rather than proof of long-term, real-world adoption.#BTC #TrumpProCrypto #GoldSilverRebound