‘The Big Short’ investor Michael Burry has issued a stark warning to the markets.
He suggests in his Substack that a potential Bitcoin plunge could trigger a massive $1B sell-off in traditional safe havens like gold and silver. Burry’s thesis is based on the idea that Bitcoin’s volatility is now so deeply intertwined with global finance that a ‘crypto-crash’ would force institutional deleveraging across all asset classes.
This warning highlights a critical turning point: Bitcoin is no longer an isolated asset. It is a systemic pillar of the global economy. However, for Bitcoin to withstand this pressure, it must evolve beyond a simple ‘store of value.’
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This warning matters because it underscores the desperate need for Bitcoin utility. If Bitcoin remains just ‘digital gold,’ it
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