Michael Burry Warns Bitcoin’s Slide Could Spark a $1 Billion Gold-and-Silver Dump as $70,000 Nears
Bitcoin slid over 3% to $70,052 in Asian trading Thursday, its lowest since November 2024. Michael Burry warned further declines could force institutions to sell gold and silver, with up to $1 billion in precious metals liquidated recently. Analysts cited ETF outflows and tighter liquidity as key drivers. Ether also dropped, falling to $2,086.