briefly fell below $73,000, marking a decline of roughly 40% from record highs. Burry said the move highlights what he sees as Bitcoin’s fragile foundation and raises risks for companies with significant crypto exposure.
He specifically pointed to firms that have accumulated large Bitcoin holdings, including Strategy Inc., warning that further downside could strain balance sheets and limit access to capital markets.
Burry cautioned that if Bitcoin were to slide toward $50,000, mining companies could face severe financial stress or even bankruptcy, while liquidity in tokenized metals markets could evaporate entirely.