FLASH's avatar
FLASH flash@primal.net 1 month ago
⚡️🚨 NEW - "Bitcoin slide could wipe out companies" Michael Burry warned that Bitcoin’s ongoing decline could destroy significant value, especially for companies holding large BTC reserves. He said Bitcoin has failed as a safe haven like gold and could push aggressive corporate holders into bankruptcy, triggering broader market fallout. He also highlighted Bitcoin’s correlation with the S&P 500 and its impact on recent drops in gold and silver. image

Replies (8)

frphank's avatar
frphank 1 month ago
> destroy significant value No value is being destroyed because it was never there to begin with.
frphank's avatar
frphank 1 month ago
> push aggressive corporate holders into bankruptcy seems like market forces are working
Lysergic4cid's avatar
Lysergic4cid lysergic4cid@nostrplebs.com 1 month ago
lol poor poor companies, imagine your face when you are chilling on your yacht that you bought from modern day slavery and exploitation and find out that you are going bankrupt, what a cruel world, one just trying to enjoy their yacht vacation and those mofos dont let them chillin' n' killin', how dare they? View quoted note →
wolfpy's avatar
wolfpy wolfpython@iris.to 1 month ago
I am not saying Bitcoin has failed, I am a maxi and all in on it. But this is not the outcome that people expected on this cycle. And the whole narrative that Bitcoin is a safe haven and digital gold that everyone has said over and over, Bitcoin as not behaved like that. And people should acknowledge it.
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