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]

At #ConsensusHK. From meetings to meaningful conversations.Follow Nenter Chow @50Nent, BitMart Global CEO, to connect with industry leaders and exchanging insights on the future of crypto. 🌍 https://t.co/KXHJ4707Lk ...

I know I am really not "reading the room" right now, but if you had a token with a built in hedge that protected downside, crypto would be a lot less scary. ...

RT Wendy O (@CryptoWendyO)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 ...

RT BSCN (@BSCNews)🚨LATEST: BLACKROCK SENDS $2.2 BILLION IN $BTC $ETH TO COINBASEAcross six separate transfers, financial giant Blackrock has sent a staggering $2.2 billion worth of crypto to @Coinbase over the past few days.But why...?We took a closer look at what's really happening ⬇️ https://t.co/1L3aRv5iy4 ...

If you are in crypto, pivot to AI and crypto. ...

🚨LATEST: BLACKROCK SENDS $2.2 BILLION IN $BTC $ETH TO COINBASEAcross six separate transfers, financial giant Blackrock has sent a staggering $2.2 billion worth of crypto to @Coinbase over the past few days.But why...?We took a closer look at what's really happening ⬇️ https://t.co/1L3aRv5iy4BSCN (@BSCNews):https://t.co/EsCu0gtkDf ...

Yes.One thesis is that Xi Jack Ma’d Jack Ma so that Jack Ma couldn’t Elon Xi.Meaning: Xi seized Jack Ma’s assets and drove similar Chinese tech founders into subservience or exile, so that Jack Ma (or someone like him) couldn’t use his fortune to challenge the ruling Party, like Elon did in America.So: in China, the State won over the Network. But in America, the Network won over the State.Elon freed speech with X, and tech freed media with AI and freed money with crypto. Technologists did not bend the knee ...

When it’s darkest, we shine brightest.One crypto crew bringing that light? 🚀 https://t.co/3IfFVM8chw ...

群里看到 @xiaomucrypto 有关 FTX 的发文，仔细想了想似乎真是这么回事。如果有 FTX 作为外部第一大股东进行利益绑定的话，想象一下现在所有大热的 AI 都能跟 crypto 相关，圈外资金和圈外人对币圈的排斥程度可能就不会那么大人家现在可能也不至于根本不带币圈玩，现在没有利益关系了也没必要带币圈玩。甚至有天王项目股是股，币是币，加密货币如今纯粹成了圈外资本的 rbq当初要是币安真的拿了 FTX 的股权，也算是华人间接在 AI 圈分了一杯羹吧？不仅开始幻想平行世界的盛况。。。群友说。现在欧美的 AI 也全是华人，全世界 AI 现在就是国内华人 battle 海外华人然而大多都是华人牛马，实际参与财富分配的有几个呢？ ...