‍Michael Burry Warns Bitcoin Volatility Could Trigger $1B Precious Metals Sell-Off

Renowned investor Michael Burry suggests a sustained Bitcoin downturn may compel institutional investors to liquidate gold and silver, potentially causing a $1 billion sell-off.

Burry's thesis posits that corporate treasurers and institutions holding crypto may be forced to divest from precious metals to cover losses if Bitcoin remains under pressure. He noted Bitcoin's struggles below $73,000 have exposed "fragile foundations" in the market. This could lead to bankruptcies among mining firms if prices approach $50,000 and forced deleveraging by institutions, increasing volatility in the precious metals sector.

https://cryptovka.ru/en/news/8790/michael-burry-warns-bitcoin-volatility-may-spark-1b-precious-metals-sell-off