Michael Burry Warns Of Cascading Effects From Bitcoin Plunge
Michael Burry warned that Bitcoin’s plunge could deepen into a self-reinforcing “death spiral,” inflicting lasting damage on companies.
Michael Burry warned that Bitcoin’s plunge could deepen into a self-reinforcing “death spiral,” inflicting lasting damage on companies.
Bitcoin’s price will plunge another 87% and fall to $10,000, warns Bloomberg Intelligence strategist Mike McGlone.
U.S. dollar-backed crypto tokens known as stablecoins could pull around $500 billion in deposits out of U.S. banks by the end of 2028.
Further devaluation of the US dollar in 2026 will send Bitcoin’s price soaring, analysts say.
Grayscale says the crypto asset class remains in a sustained bull market heading into 2026, supported by macro demand and regulatory clarity.
Bitcoin’s most entrenched investors are still cashing out — and the pressure is starting to show.
Bitcoin (BTC-USD) tumbled to hover around $86,000 on Monday as strategists remained skeptical of a year-end crypto rally.