Core Insights - Michael Burry, known for predicting the 2008 housing crash, warns of further declines in bitcoin, which has lost $1 trillion in value recently and nearly 50% from its peak four months ago [1][2] Group 1: Market Conditions - Burry draws parallels between the current bitcoin selloff and previous market downturns, suggesting that investors have not yet seen the worst of the situation and warns of a potential "death spiral" for the cryptocurrency [2] - A significant factor contributing to the decline is forced selling due to high leverage in the digital asset market, with $2.65 billion in futures positions liquidated in one day [3] Group 2: Bitcoin's Utility and Miners - Burry argues that bitcoin lacks substantive utility and is primarily a speculative asset with "no organic use case," which may lead to further price declines [3] - He warns that if bitcoin's price drops to $50,000, most miners could face bankruptcy, potentially leading to a collapse in the market for tokenized metal futures due to a lack of buyers [3] Group 3: Investor Guidance - Investors are advised to take a step back and reassess their positions, especially if they cannot tolerate another major correction, indicating a need for portfolio rebalancing [4] - Long-term investors should remain committed to their plans, as bitcoin has historically experienced cycles of volatility and price swings should not deter belief in its long-term potential [5]

🚨 QUESTION: Do you still believe in crypto? ...

Me at the SuperBowl party tomorrow making up scenarios in my head on how to avoid the crypto conversation when no one really cares about crypto. https://t.co/rM56NVh56n ...

The best lesson crypto taught me: ______. ...

RT BSCN (@BSCNews)🚨NEW: CRYPTO. COM CEO PURCHASED AI. COM FOR $70M PAID IN CRYPTO@cryptocom CEO Kris Marszalek purchased AI. com for $70M paid in crypto.The purchase was made back in April 2025 but was revealed yesterday, February 6, 2026. https://t.co/UWe3mC8Vlr ...

🔥 TODAY: Coinbase CEO said that the banks are trying to undermine the president's crypto agenda.Thoughts? https://t.co/IHdEZAbX1z ...

Trump sought to make the US “the crypto capital of the world.” After his rally ended, traders are searching for a new savior https://t.co/LLhWpA6us8 ...

Boba really tastes better when paid with crypto https://t.co/cvmBN3qoMn ...

One crypto.Going global & soon galactic? 🚀🚀 https://t.co/pu6JZClQfM ...

🎤 Web3 Hub Davos | Quick Take with @KseniaAtBitMartKsenia chats with Nikita Tsarenko @nikitatsarenko from Bienrock on how clearer regulations are reshaping institutional adoption of crypto and digital assets.Watch now 👇 https://t.co/o2dGyXDvfY ...