Michael Burry, the real-life inspiration for the protagonist of "The Big Short," has warned that a Bitcoin crash could trigger a $1 billion sell-off in gold and silver. Burry argues that while Bitcoin is a purely speculative asset rather than a safe-haven asset, there is a "tainted" liquidity link between the two. If the price of Bitcoin collapses (for example, falling to $50,000), it will trigger a "collateral death spiral," forcing speculators and funds to liquidate other assets, including tokenized precious metal futures, through margin calls or deleveraging. He points out that the recent pullback in gold and silver is partly due to forced liquidations caused by the crypto market downturn. (CoinDesk)