Feb 5, 2026
4 0
BEARISH 📉 : Michael Burry warns Bitcoin could fall to $50,000
Michael Burry, known for predicting the 2008 mortgage crisis, warned on February 5 about a potential repeat of Bitcoin's 2021-2022 collapse pattern. This could mean a drop toward $50,000 or lower from its current trading level.
- Burry shared a chart on X showing structural similarities between past and current Bitcoin price drops, indicating a possible continuation of the decline.
- Bitcoin is currently trading at $67,274, down 8.15% in the last 24 hours, with technical indicators suggesting a bearish trend.
- Technical analysis shows a descending price channel since Bitcoin's all-time high near $126,000, supporting the possibility of further declines.
- Burry argues that Bitcoin has failed as a hedge against monetary debasement and remains speculative, unlike gold and silver, which have hit all-time highs.
- He challenges the notion that institutional adoption will safeguard Bitcoin from severe corrections, noting that holding by public companies doesn't ensure stability.
- The debate continues over whether historical patterns can predict future trends given today's improved market factors like institutional ETFs and regulatory infrastructure.
The situation remains uncertain, with differing opinions on whether Bitcoin's current conditions will mirror past downturns.
