Michael Burry warns Bitcoin slide from $80,000 could trigger corporate, tokenized metals "death spiral"

On February 2, Michael Burry warned that Bitcoin's drop below the $80,000 support level could set off a cascading "death spiral" across crypto-linked assets and tokenized precious metals. He argued that Bitcoin now behaves like a risk asset correlated with equities, leaving leveraged positions, corporate treasuries and miners vulnerable to further declines.