Have you noticed how Michael Burry has returned to doing what he does best—predicting collapses? This time, the target is Bitcoin, and frankly, his considerations deserve attention.

The investor who had already seen the 2008 disaster coming argues that the recent drop in Bitcoin could have consequences far broader than we think. It’s not just a question of crypto, but a domino effect on traditional markets. According to Michael Burry, when prices fall so brutally, institutional investors and corporate treasurers are forced to make difficult choices: liquidate positions in other assets to cover losses. And that’s where oro e argento come into play.

Burry estimates that up to one billion dollars in precious metals were liquidated at the end of January for precisely this reason. That’s not a small amount. He has noted speculators and treasury managers rushing to sell tokenized futures on these metals, trying desperately to reduce exposure to risk.

Bitcoin has recently fallen below $73,000, marking a 40% drop from its highs. Today, the price is around $72,930. According to Michael Burry, this crash reveals something fundamental: Bitcoin has no solid foundations. There is no organic reason related to real-world use that should halt the decline. If the price were to reach $50,000, he warns, mining companies could face failure, and the market for tokenized metal futures could simply collapse.

What’s most striking is how Burry dismantles the idea that Bitcoin can serve as a safe haven or an alternative to gold. In his view, the recent rally fueled by spot ETFs was more a display of speculation than true institutional adoption. There’s nothing permanent, he argues, in corporate holdings of Bitcoin.

Michael Burry’s bearish views have always divided the market, but his track record of accurate predictions can’t be ignored. Whether you believe his theses or not, the message is clear: if Bitcoin continues to collapse, the domino effect could extend well beyond the crypto sector. And that’s what multi-asset investors should truly be worried about.