Michael Burry, the investor made famous by The Big Short, has recently warned about the risks associated with a continued decline in Bitcoin. According to him, this dynamic could lead to significant value destruction, particularly for companies that have adopted aggressive BTC accumulation strategies in their treasury. A prolonged drop would expose these companies to heavy accounting losses and financing difficulties, even risks of bankruptcy for the most indebted ones.

Burry also believes that Bitcoin has not fulfilled its role as a safe haven, unlike gold, highlighting its strong correlation with stock markets during periods of macroeconomic stress. In this context, he fears contagion effects: forced asset sales, pressure on other financial markets, and the weakening of institutional players that are overly exposed. This position contrasts with that of companies and investors who remain convinced of the long-term potential of Bitcoin, despite its volatility.