Michael Burry warns that a bitcoin crash could trigger a $1 billion sell-off in gold and silver

"Big Short" Michael Burry has warned that a sharp decline in bitcoin could prompt institutional investors and corporate treasuries to sell up to $1 billion worth of gold and silver to cover losses in crypto assets. He believes that bitcoin falling below $73,000 exposes its underlying fragility, and if the price drops further to $50,000, some mining companies may face bankruptcy risks. Burry pointed out that bitcoin has failed to successfully play the role of a digital safe-haven asset or a substitute for gold, and that the recent ETF-driven rally is more speculative in nature.