Key Takeaways Michael Burry warned that a Bitcoin drop below $70,000 could unlock “sickening scenarios,” including forced selling and firm failures. Burry argued large corporate Bitcoin holders could face tightening funding conditions as losses deepen. He also suggested crypto-driven liquidations may have contributed to sharp moves in precious-metals markets, including tokenized metals products. Michael Burry, the investor known for betting against the U.S. housing market ahead of the 2008 crisis, ...