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>>Investor Michael Burry, famous from “The Big Short,” warns that a Bitcoin decline could spark a $1 billion sell‑off in gold and silver.

Investor Michael Burry, famous from “The Big Short,” warns that a Bitcoin decline could spark a $1 billion sell‑off in gold and silver.

crypthub

about 3 hours ago

Market Impact Analysis

Burry indicated that cryptocurrency-related losses might have compelled financial institutions to sell precious metals as bitcoin prices fell beneath the $73,000 threshold. The decline in bitcoin's value is suggested to have influenced institutional asset allocation strategies, leading to potential shifts in metal holdings. This development highlights the interconnectedness of different asset classes during periods of market volatility.

Investor Michael Burry, famous from “The Big Short,” warns that a Bitcoin decline could spark a $1 billion sell‑off in gold and silver.

Market Impact Analysis

Investor Michael Burry, famous from “The Big Short,” warns that a Bitcoin decline could spark a $1 billion sell‑off in gold and silver.