Michael Burry warns that a bitcoin crash could trigger a $1 billion sell-off in gold and silver

AIcoin2026/02/03 23:38

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

"Big Short" Michael Burry has warned that a sharp decline in bitcoin could prompt institutional investors and corporate treasuries to sell up to $1 billion worth of gold and silver to cover losses in crypto assets. He believes that bitcoin falling below $73,000 exposes its underlying fragility, and if the price drops further to $50,000, some mining companies may face bankruptcy risks. Burry pointed out that bitcoin has failed to successfully play the role of a digital safe-haven asset or a substitute for gold, and that the recent ETF-driven rally is more speculative in nature.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Tesla is scheduled to hold its annual shareholders meeting on December 3, which coincides closely with the earliest timeline for announcing the transaction in December. Currently, one of the core topics under discussion between the two parties is the number of shares that SpaceX would need to issue to Tesla investors as part of the deal. At the same time, both sides are also considering the alternative option of postponing the announcement until early 2027.

华尔街见闻•2026/11/13 00:27

Spot palladium breaks through the $1,000/oz mark, quoted at $1,000.33

智通财经•2026/11/13 00:16