'Big Short' Investor Burry: Bitcoin Has Failed as Safe Haven
Analysis
Price Impact
HighMichael burry, a famed investor, suggests bitcoin has failed as a safe haven and predicts a 'significant meltdown' if prices drop below specific levels ($70k, $60k, $50k), leading to 'hefty losses' and an 'existential crisis' for firms like microstrategy.
Trustworthiness
HighBurry is a highly respected investor known for accurately predicting the 2008 housing crisis, giving significant weight to his contrarian market views.
Price Direction
BearishBurry outlines a scenario where btc drops to $70k, $60k, and $50k, each level escalating the crisis for holders and the broader crypto ecosystem. he implies potential forced selling by major holders if mnav drops below 1.
Time Effect
ShortThe predicted price drops and their consequences are framed as immediate triggers for severe market reactions and corporate distress, suggesting a short-term collapse rather than a gradual decline.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News The three stages of collapse "The Lincoln tunnel" Advertisement Michael Burry, the investor famed for betting against the housing market in "The Big Short," has opined that Bitcoin has failed as a safe haven. Burry is convinced that a deepening rout could trigger a significant meltdown within the sector. The three stages of collapse Burry’s analysis has specifically focused on the threat that Bitcoin's collapse poses to Strategy's firms. He has specified three price levels that would mark different stages of the potential fallout. If Bitcoin drops below $70,000, this would result in hefty losses across the industry. Michael Saylor's Strategy would likely record over $4 billion in losses. HOT Stories 'Dr. Doom' Predicts Catastrophic End for Cryptocurrencies Crypto Market Review: Shiba Inu's (SHIB) 1,000,000,000,000 Bull Market Trigger, Bitcoin (BTC) Crash Might Stop Here, Is Dogecoin (DOGE) in Mini-Bull Market? Burry believes the firm would "find capital markets essentially closed." Advertisement You Might Also Like Mon, 02/02/2026 - 15:54 $671 Million: BlackRock Dumps Bitcoin and Ethereum Again, But Bigger This Time By Caroline Amosun Should Bitcoin fall to $60,000, Burry warns of an "existential crisis" for Saylor’s firm. Burry pointed to Strategy's mNAV, a key metric tracking the company’s stock price relative to its Bitcoin holdings. Strategy currently sits at an mNAV of 1.1. Last year, the firm's CEO suggested that if this metric drops below 1, they might be forced to sell Bitcoin as a "last resort." Advertisement A drop to $50,000 would break the backbone of the crypto ecosystem. This represents Burry's worst-case scenario. "The Lincoln tunnel" On Tuesday, BTC collapsed to an intraday low of $73,111, according to CoinGecko data . However, the bleeding has stopped at least for now. Jim Cramer, CNBC's most famous anchor, has reacted to the bounce with a reference to Stephen King’s post-apocalyptic novel The Stand. In the book, the character Larry Underwood must escape a plague-ridden New York City by walking through the Lincoln Tunnel. Cramer is saying the recent market action was a harrowing journey through darkness. #Bitcoin News #Michael Burry