PANews February 4, 2025 — According to a report by CoinDesk, Michael Burry, the real-life investor who inspired a character in *The Big Short* and accurately predicted the 2008 financial crisis, has warned that Bitcoin's recent decline could trigger a chain reaction across the broader market, particularly in the gold and silver markets. A sharp drop in Bitcoin's price could force institutional investors and corporate treasurers to sell up to $1 billion worth of gold and silver to offset losses from cryptocurrencies. Michael Burry noted that Bitcoin's fall below $73,000 has exposed its fragile foundation. If the price drops further to $50,000, it could threaten companies holding large amounts of Bitcoin and potentially lead to the bankruptcy of some mining firms. Burry also argued that Bitcoin has failed as a digital safe-haven asset or a substitute for gold. He believes the recent price surge driven by ETFs is purely speculative and does not reflect Bitcoin's long-term, real-world utility.
Michael Burry Warns Bitcoin Crash Could Trigger $1 Billion Gold and Silver Sell-Off
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Summary
Bitcoin news broke as Michael Burry warned that a crash could trigger a $1 billion sell-off in gold and silver. Institutional investors may liquidate holdings to offset Bitcoin losses after its drop below $73,000. Burry said a fall to $50,000 could threaten firms with large Bitcoin positions. He also called the recent Bitcoin analysis speculative, not a sign of real adoption.
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