HE SAID WHAT 🤯🤯🤯🤯
Michael Burry warns Bitcoin’s decline will wipe out significant value for companies holding large amounts on their balance sheet.
He says $BTC has failed as a safe haven like gold and behaves more like a volatile stock tied to the S&P 500. Aggressive holders face bankruptcy risk as it continues to fall, potentially triggering broader market turmoil.
Michael Burry warns Bitcoin’s decline will wipe out significant value for companies holding large amounts on their balance sheet.
He says $BTC has failed as a safe haven like gold and behaves more like a volatile stock tied to the S&P 500. Aggressive holders face bankruptcy risk as it continues to fall, potentially triggering broader market turmoil.