$BTC According to Michael Burry, the investor who predicted the 2008 US housing market crash, further decline in Bitcoin could lead to mass sell-offs and a "death spiral" that will be difficult to escape.


Experts believe that a Bitcoin crash could impact the entire economy. For example, the younger generation, which often holds a large portion of their wealth in cryptocurrency, may lose faith in financial markets. Pension assets for generations Y and Z could also decrease, as they tend to have a higher concentration of wealth in cryptocurrencies.
Additionally, a Bitcoin crash could change the game for the entire crypto industry. If losses are significant, pressure on lawmakers and regulators to intervene may increase.
It is important to remember that investing in cryptocurrencies involves risks, and it is recommended to consult with a financial expert before making any investment decisions.
BTC-1,98%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)