Breaking News: Legendary fund manager Michael Burry, the inspiration for the film "The Big Short," warns that a decline in Bitcoin prices will severely damage companies holding large amounts of Bitcoin on their balance sheets. He states that Bitcoin has failed as a safe-haven asset (like gold), behaving more like a volatile stock linked to the S&P 500. As Bitcoin prices continue to fall, aggressive holders will face bankruptcy, potentially triggering wider market turmoil.
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