🤯Michael Burry warns Bitcoin is entering a “death spiral.”
He says BTC has failed as a safe haven like gold and now trades like a high-beta stock tied to the S&P 500.
Companies holding large Bitcoin positions risk massive balance-sheet losses, forced liquidations, and even bankruptcy if prices keep falling.
🤡 For the record Michael burry has been calling for a global financial crisis every year since 2008.
☠️ He might be right about a death spiral but it will be for USD not BTC
BTC
63,886.66
-12.90%
USDC
1.0018
0.00%
XRP
1.1945
-22.36%
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