CNBC’s MacKenzie Sigalos reports on the latest in the bitcoin sell-off.
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More like, "Open Sore Software." (Don't push: I'm going …!)
About the 99th time someone has called a “death spiral” for BTC lol. What we do know for sure is that fiat is in a death spiral to zero. BTC is our defence against that.
BTC is worth zero.
Running out of fools 😂
Why Burry just shot is mouth!
Point being don’t invest in something you can’t physically touch like gold
I’ve been trading bitcoin for about five years and I can tell you that right now while you’re all selling the big guys are all buying
Controlled demolition
Sh it Coin is still valuable as a fishing weight.
Why do you think bitcoin is acting like a software ETF? So many businesses bought into bitcoin and so many institutions did as well. Their gambling addiction is now forcing them to sell. I personally heard Notre Dame university definitely did from someone that worked at the university.
bitcoin was 3000 in 2018; today 69,000…thats 23 times your money…..ha
Didn't Scion capital close down
What you expect of fake money, puff and its gone
Micheal Saylor use to say bitcoin is going to one million dollars 😂😂😂. He was a great salesman to get people to invest 54 billion dollars into his bitcoin ETF. I’m wondering how much money in commission he made and how much of his own money was actually invested in bitcoin. Michael fooled all those investors. It was all one big scam.
BTC to 0
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Tying cryto bitcoin to treasuries , so you 38 trillion debt gets shared with bitcoin holders.
Bitcoin is intrinsically worthless, it’s just buyers and seller jerking each other off and trading an essentially worthless “bit.”. It will end badly.
Burry is a genius no matter if he is sometimes not quite right, he always understands what’s going on behind the scenes. Is he wrong about Microstrategy or the Miners ? No, but the question becomes how long can they hold on, which is something Burry can’t predict. Either way, knowing that information will certainly put stress on investors, already with so much loss, who wants that extra risk?
He who hastens to be rich shall not go unpunished.
Bitcoin is very important! I hope the President makes Bitcoin owners whole!
1 yr from now cnbc – " btc is best investment right now!". 3 yrs from now cnbc " btc is going out of busines dump dump!" 5 yrs from now "btc is going to 1 million!". And so ob. Fk thm.
Michael burry the one time hitter. Never got anything signed if I ant since 2008. If you listen to him you have missed a massive rally since 2022
I genuinely don't understand why people keep treating Bitcoin like a tech stock. It makes no sense at all.
Burry's new job is predicting everything is going to crash and hoping he's right about one of them.
Wow. Cnbc spent the past few years ignoring gold and pushing the bitcoin narrative only to reverse and has finally done some real journalism. In the end CNBC is still is an awful group to get insight from.
Who cares what he says. He's trash. He still living off his high school fame lol
Oh how I love this for them! 🤷🏼♀️
Why is 10% the magic number?
Yeah he also said to invest in Molina Healthcare stock and the next day it tanked over 25%
Burry specializes in gloom and doom. He had to close down his Scion Asset Management cause it wasn’t making his investors any money.
So many things incorrect about this video. 1. Michael Burry made one correct prediction in his lifetime, he's been wrong ever since. 2. It doesn't matter if Microstrategy is currently underwater on its unrealized Bitcoin losses, because the company has plenty of cash to stay afloat and has no debt obligations related to it's Bitcoin holdings until 2027, so cross that concern off your list. 3. Bitcoin is not at all related to software companies, yes maybe in investors minds Bitcoin is risky like those software names, but beyond that they are not remotely related. Bitcoin is a scarce digital asset, whereas software companies software suites can easily be recreated by Anthropic. Bitcoin is much stronger asset now than Adobe. People just don't get it yet.
Dudes been wrong since 2009, one hit wonder…
Waiting for the anti-monopoly actions to be taken against BTC based on new Eppy File evidence (yeah right, like anyone will be held accountable with Kash/PamB)…..
Gold at $4.9k and BTC is at $71k and you suggest BTC hasn't been digital gold?! 😅😅😅 Who are you kidding!?
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