Want to create an interactive transcript for this episode?
Podcast: CoinDesk Podcast Network
Episode: "Big Short" Michael Burry Warns of "Death Spiral" | CoinDesk Daily
Description: "Big Short" Michael Burry bashes bitcoin.
Michael Burry, the investor who famously predicted the 2008 crash, says bitcoin’s drop is triggering a "collateral death spiral" in precious metals. He warns that liquidations in tokenized gold and silver are dragging crypto down, and if BTC slips to $50,000, the market for tokenized metals could collapse into a "black hole." CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
-
This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.