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‘Big Short’ investor Michael Burry warns bitcoin plunge could trigger $1 billion gold, silver selloff
Yahoo Finance· 2026-02-04 07:16
Michael Burry, the investor known for predicting the 2008 financial crisis, warned that bitcoin’s (BTC) recent drop could have ripple effects across markets, particularly in gold and silver. In a Substack post Monday, Burry said crypto’s decline may have forced institutional investors and corporate treasurers to unload positions in other assets to cover losses. “It looks like up to $1 billion in precious metals were liquidated at month’s very end as a result of falling crypto prices,” Burry wrote, point ...