BEARISH 📉 : Burry Warns Bitcoin Plunge Could Cause $1B Sell-Off
Michael Burry, known for his role in "The Big Short," warns that a potential Bitcoin [BTC](https://holder.io/coins/btc/) plunge could lead to a $1 billion sell-off in traditional safe havens like gold and silver. This highlights Bitcoin's deep integration into the global financial system.
- Burry suggests Bitcoin's volatility could force institutional deleveraging across asset classes.
- Bitcoin needs to evolve beyond being just 'digital gold' to mitigate risks.
- The market seeks Layer 2 solutions to transform Bitcoin into a high-performance asset for payments and decentralized applications (DeFi).
Bitcoin Hyper ($HYPER) is leading this transformation by introducing a high-speed Layer 2 solution using Solana Virtual Machine (SVM) technology.
- The system provides near-instant transaction finality and low costs.
- It allows the creation of complex dApps and meme coins on Bitcoin's security framework.
- A trust-minimized canonical bridge and Bitcoin Relay Program facilitate seamless $BTC transactions on Layer 2.
- Zero-knowledge (ZK) proofs ensure secure state commitments back to the Bitcoin Mainnet.
The ongoing $HYPER presale has raised over $31.2 million, attracting investors interested in its staking model offering 37% rewards. The project is compatible with SVM, enabling easy migration of existing Solana applications.
Investors are drawn to $HYPER due to its potential to buffer against market volatility, aligning with Burry's warning about broader market sell-offs. Smart contract audits from Coinsult reinforce the project's security.