#Strategy比特币持仓转为亏损 The protagonist of "The Big Short" (the investor who successfully predicted the 2008 financial crisis), Michael Burry, warns that recent declines in Bitcoin could trigger a chain reaction across the entire market, especially in the gold and silver sectors. A sharp drop in Bitcoin could force institutional investors and corporate treasurers to sell up to $1 billion worth of gold and silver to cover losses caused by cryptocurrencies.

Michael Burry believes that Bitcoin falling below $73,000 exposes its fragile foundation. If the price drops to $50,000, it could threaten companies holding large amounts of Bitcoin and even lead to some mining companies going bankrupt. Burry argues that Bitcoin has failed as a digital safe-haven asset or gold substitute. The recent rally driven by ETFs is merely speculative, not a sign of its sustained real-world application.