‘Big Short’ Michael Burry Warns Bitcoin May Repeat 2022 Collapse Pattern

Michael Burry, the investor who anticipated the 2008 mortgage crisis, issued a stark warning on February 5 about Bitcoin : the cryptocurrency could be replicating the 2021-2022 collapse pattern, which would imply an additional drop toward $50,000 or even lower. Burry posted on X a comparative chart with the simple message “$BTC Patterns,” where he draws structural similarities between the current drop—from $126,000 to $70,000—and the previous brutal plunge that took Bitcoin from $35,000 to below $20,000. ...