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-0.000152555301296581 -0.000839054157131848 -0.00686498855835223 -0.00839054157131956 -0.00778032036613258 -0.0131197559115179 -0.0212814645308924 -0.0261250953470632
Stock impact report

Michael Burry Warns of Cascading Effects From Bitcoin Plunge [Yahoo! Finance Canada]

Strategy Inc - Class A (MSTR) 
Last strategy inc - class a earnings: 4/28 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.microstrategy.com
housing market ahead of the 2008 financial crisis, warned that Bitcoin's plunge could deepen into a self-reinforcing “death spiral,” inflicting lasting damage on companies that have spent the past year stockpiling the token. In a Substack post Monday, Burry argued that the original cryptocurrency, which has fallen 40% since peaking in October, has been exposed as a purely speculative asset, failing to take off as a debasement hedge similar to precious metals. Further losses, he said, could rapidly strain the balance sheets of major holders, force selling across the crypto ecosystem and trigger widespread value destruction. Most Read from Bloomberg “Sickening scenarios have now come within reach,” Burry wrote. Should Bitcoin fall another 10%, Strategy Inc., the world's largest corporate crypto treasury, would be billions in the red and “find capital markets essentially closed.” Additional drops, he said, would push Bitcoin miners toward bankruptcy. His comments come as Bitcoin Show less Read more
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